Assura rebrands after buyout
Birmingham-based Assura LIFT Holdings, which completed an MBO from parent Assura Group last month, has rebranded itself gbpartnerships.
The buyout from its Warrington-headquartered parent Assura Group was led by managing director Elaine Siew and development director David Acklam.
Gbpartnerships now manages a property portfolio valued at £214m across five LIFT companies. It is also responsible for the management of seven other buildings in construction worth £54m.
By the end of the year 2012 it is estimated that the combined total of the portfolios will reach £300m.
Managing director Elaine Siew said: "The name gbpartnerships enables us to build on the gb brand that we established when Assura LIFT led a consortium of companies under the banner of gbconsortium."
The company works with GP’s, primary care trusts (PCTs) and local authorities to plan, provide and maintain public sector infrastructure.
Siew added: "We are very excited about the future and will continue to focus on the LIFT end of our operation. However, we believe there is a major opportunity to expand our property development and consulting activities.
"Given the current tough economic climate the public sector will continue to look at estate rationalisation and that will afford additional new business opportunities for us to explore."
Assura Group has a 15 per cent stake in what is now gbpartnerships. Additional funding for the management buyout of Assura LIFT Holdings included a significant personal investment by Richard Hughes, managing director of Zeus Capital.
