Assura PLC Development Update (8969E)
16 March 2022 - 6:00PM
UK Regulatory
TIDMAGR
RNS Number : 8969E
Assura PLC
16 March 2022
16 March 2022
Assura plc
Development update
Assura plc ("Assura"), the leading primary care property
investor and developer, is pleased to announce it has reached
financial close on the Northumbria Health and Care Academy, a GBP25
million development in Cramlington, Northumberland.
The building will be primarily let to Northumbria Healthcare NHS
Foundation Trust on a 30-year effective FRI lease with rent
reviewed annually by reference to RPI.
Situated on undeveloped land on the site of Northumbria
Specialist Emergency Care Hospital, the Academy will house a
training centre of excellence and clinical space for delivery of a
range of community health services as well as conference and
administrative space. The training centre will initially focus on
nursing, midwifery and allied health professional training.
In accordance with Assura's existing targets, the Academy is
expected to achieve a BREEAM rating of Excellent and an EPC of
A.
In addition, the Academy is aiming to become the UK's first Gold
accredited healthcare sector building under the IWBI WELL Building
Standard. WELL certification is aimed at improving health and human
experience through design, focusing on 10 concepts including air,
water, light, thermal comfort and community.
The project will also be a flagship for Assura's social impact
programme, working with the NHS Trust community engagement
programme on local arts projects, and contributing towards the
delivery of a hospital nature trail designed to promote staff
wellbeing.
The Academy is expected to have an 18-month build period with
completion by Q4 2023.
Current development activity
Since the last trading update as at 31 December 2021, Assura has
moved on site with two new development schemes (including the
centre referenced above).
Assura is now on site with 16 developments with a total
development cost of GBP128 million (December 2021: 14, GBP97
million).
Jonathan Murphy, CEO, said:
"Working with the Northumbria Healthcare NHS Foundation Trust,
we know this Academy in Cramlington will make a real difference to
people in the area.
"This scheme further demonstrates our strategy in action
expanding our offering, working with NHS Trusts to develop
high-quality and thoughtfully designed buildings that facilitate
better health provision for their community, and helping deliver
positive sustainability and social impact outcomes."
- ENDS -
For more information, please contact:
Assura plc Tel: 01925 945354
David Purcell, Head of Investor Email: Investor@assura.co.uk
Relations
Finsbury Tel: 0207 251 3801
Gordon Simpson Email: Assura@finsbury.com
James Thompson
Notes to Editors
Assura plc, a constituent of the FTSE 250 and the EPRA* indices,
is a UK REIT and long-term investor in and developer of primary
care property. The company, headquartered in Warrington, works with
GPs, health professionals and the NHS to create outstanding spaces
for health services in our communities. At 30 September 2021,
Assura's property portfolio was valued at GBP2,595 million.
Further information is available at www.assuraplc.com
*EPRA is a registered trademark of the European Public Real
Estate Association.
Assura plc LEI code: 21380026T19N2Y52XF72
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END
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