St Andrews Healthcare Westmead Rehabilitation Hospital has been sold by Colliers property agent Shane Nicholson for $29.86M. With 61 beds, it is located close to Sydneys Westmead Hospital. Leases with tenants Pulse Health and Generation REIT had to be renegotiated to make the deal happen resulting in a new yield of 8.75%.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...