Assura plc and Universities Superannuation Scheme Limited (USS) have entered into a new £250 million (€292 million/$318 million) 20-80 joint venture to support investment in essential NHS infrastructure.
A strategic partnership has been formed between USS, the principal pension scheme for universities and higher education institutions in the United Kingdom, with more than £75 billion (€88 billion/$95 billion) of assets under management, and Assura, the specialist healthcare property investor and developer.
The long-term partnership will support investment into essential NHS community healthcare buildings, which help to address the current backlog of patients waiting for care. As the population ages and more people live with chronic conditions, modern, flexible healthcare buildings are central to the NHS’s priority of delivering more care closer to patients.
The joint venture has an initial term of 20 years and will be seeded with an initial agreed portfo
