NorthWest Healthcare Properties REIT continues to look to buy in the sector

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NorthWest Healthcare Properties REIT, which failed in a bullish $2.8 billion bid for Australian Unity Healthcare Property Trust (AUHPT) in June last year, is continuing to look at the sector.

“We certainly see opportunities moving forward,” Executive Director Richard Roos told The Urban Developer Developing for an Ageing Demographic Summit.

“Our view is as the sector continues to consolidate, which has to happen – the government wants it to happen, there’s regulatory reasons as to why it will happen – there will absolutely evolve opportunities for property partners to become involved and provide some of that capital.”

NorthWest Healthcare Properties REIT and its joint venture partner, Singaporean sovereign wealth fund GIC, invested a further $2.4 billion in to their Australian healthcare platform, which now stands at more than $6 billion, the SOURCE reported in March.

Based in Toronto, Canada, the healthcare business is the largest owner and developer of healthcare property assets in Australia and New Zealand. It has healthcare properties in Australia worth more than $3 billion, and the $2 billion portfolio of the NZ-listed Vital Healthcare Property Trust.