Australian Unity Healthcare Property Trust has boosted its presence in South Australia with the $220 million purchase of a portfolio of nine residential aged care assets under a sale-and-leaseback deal with operator Bolton Clarke.
The acquisition on a starting income yield of 5.49 per cent – Bolton Clarke has a minimum 20-year lease on the properties – lifts the $3.6 billion trust’s South Australian exposure to 11 sites and its SA weighting to 8 per cent of an east coast-dominated hospital, medical centre and aged care portfolio.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
