The board of a property development firm has announced it has raised £300m through an initial public offering.
Assura said gross proceeds of the sale raised £309m through the issue of 618 million new shares at an offer price of 50 pence per share.
The board says £125m of the money raised will be used to fund the company’s near term pipeline of acquisitions and developments.
CEO Graham Roberts said: “Our business is focused on helping the NHS in improving patient care whilst adapting to ever increasing demand from an ageing population and medical progress.
“Investing in primary care infrastructure is a recognised priority for the NHS and the support from so many institutions in this fund raise sends a clear message that long term investors want to participate in this significant endeavour.”
In June, Assura was named property developer of the year at the Health Investor awards ceremony due to its role in developing and investing in primary healthcare premises and making more than 50 acquisitions.
The board of a property development firm has announced it has raised £300m through an initial public offering..
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