Northwest Healthcare Properties founder Paul Dalla Lana said the the Canadian property trust's $494 million offer for listed medical property landlord Generation Healthcare REIT represented good value.
Generation's major shareholder and the owner of its management platform unveiled the $2.24 cash bid on Monday, after approaching its quarry for the first time only on Friday.
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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
