NorthWest Healthcare Properties and its joint venture partner, GIC, have committed to invest a further $2.4 billion in their Australian healthcare platform, which now stands at more than $6 billion.
The Toronto Canada-listed specialist healthcare real estate owner and developer, which launched a savage and ultimately unsuccessful bid for Australian Unity Healthcare Properties Trust last year, owns 33 aged care homes and private hospitals and health centres in Australia and New Zealand.
“We have appetite for acquisition and development,” said NorthWest Healthcare Properties President and CEO for Australia and New Zealand, Craig Mitchell, the former CEO of Grocon (pictured).
“But good quality acquisition is harder.”
NorthWest Healthcare Properties has a separate investment partnership with New Zealand-listed Vital Healthcare Property Trust.
The partnership last month acquired a 27,840sq m site in Campbelltown, 53km southwest of Sydney’s CBD, for $76.6 million, to develop a healthcare precinct in partnership with Campbelltown City Council.
