Canadian real estate investment trust NorthWest Healthcare Properties REIT is planning to acquire 11 properties located in Melbourne, Sydney and Brisbane from Australian healthcare company Healthscope Ltd.
NorthWest said that the move will boost its footholds increase in Australia, leverage its existing global platform and capital relationships.
Under the pact, NorthWest will pay approximately $920 million valuations for a 1,539-bed hospital portfolio to Healthscope, partially funded with an about $540 million property-level debt facility.
The deal is on schedule to be completed in the second quarter of 2019.