Toronto-listed NorthWest Healthcare Properties REIT has bought the management rights to local player Generation Healthcare REIT and increased its stake in a deal worth close to $120 million.
The NorthWest transaction, a month after the Canadian player bought an initial stake in the $480 million fund, is but the latest in a number of major deals in the healthcare property sector.
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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