The responsible entity for Generation Healthcare REIT has thrown its support behind a sweetened $508 million takeover offer for the medical property landlord from its major shareholder Canada's NorthWest Healthcare Properties.
The board of APN Funds management, which controls the responsible entity for Generation, has recommended the Canadian's all-cash offer after it was improved by 6¢ to $2.30.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
