by Joe Hope
Asura Plc said on Monday it made nine acquisitions in the third quarter of the year, and moved two new development programs from the planning phase to onsite operations.
The UK primary care property investor and developer said it completed nine acquisitions during the three months ended 31 December for a total consideration of £105 million ($142.7 million).
The company said the combined development cost of the two new programs is GBP25 million, and it currently has 14 development projects under construction, with a total cost of GBP97 million.
Chief Executive Jonathan Murphy said, “These activities build on our recent track record of growing our portfolio and driving further scale benefits, and our replenished pipeline provides significant growth opportunities ahead.”
The company said it has an immediate development pipeline of 22 plans, totaling GBP166 million, and an acquisition pipeline of GBP71 million.
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