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Travers Smith advises Assura on its £185 million funding of future GP surgery, primary care and community healthcare buildings for the NHS

Overview

Travers Smith LLP has acted for Assura PLC, the UK's leading Healthcare Real Estate Investment Trust (REIT), on its £185 million placing by way of an accelerated bookbuild.

A FTSE 250 listed real estate investment trust, Assura builds, invests in and manages GP surgery, primary care and community buildings, so that the NHS has the places it needs to deliver more services, tests and treatments in the community.

The transaction will allow Assura to continue to support the NHS by developing new primary care facilities and fund its record acquisition pipeline. £2.5 million of the proceeds are being donated to a charity to support the communities within 15 miles of healthcare centres owned by Assura.

The Travers Smith team advising Assura was led by Partner Aaron Stocks, who was supported by US Securities Partner Dan McNamee and Senior Associate Brent Sanders.

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