Warrington-based Assura recorded a 12% uptick in its rent roll for the year ended 31 March 2021, helping to push pre-tax profit for the period up 37% to £108.3m.
The firm redeveloped Timperley Library into a community health centre in a JV with Trafford Housing Trust.
The company’s redevelopment of Timperley Library has completed.
The weighted average unexpired lease term increased to 11.9 years as of 31 March, from 11.7 years 12 months earlier and rental collection across the portfolio was “in line with normal patterns”, Assura said in a stock exchange filing today.
The Warrington-based investor also expanded its portfolio over the year through acquisitions and investments, Portfolio value grew by 15% annually to £2.45bn as of 31 March, of which the North West accounted for £326m – 51 buildings, and 14% of the total.