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%.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
