Promisia has announced a 13% increase in the aggregate value of its facilities for the year ending March 31 2024.

The valuation of the company's facilities now stands at approximately $59.4 million, representing a $7m increase from the previous year.

Promisia attributed this growth to operational efficiencies, improvements at the facilities, and the successful sell down of occupation rights agreements.

The aged care and retirement living provider engaged CBRE to conduct the valuations as part of its financial reporting processes.

Promisia's full-year results are expected to be released by May 30 2024.

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