Mr. Craig Mitchell reports
NORTHWEST HEALTHCARE PROPERTIES REAL ESTATE INVESTMENT TRUST ANNOUNCES SALE OF 33% OF ITS INVESTMENT IN ASSURA PLC
Northwest Healthcare Properties Real Estate Investment Trust has sold 33 per cent of its interest in Assura PLC, representing 82.0 million shares, through an on-market trade for gross proceeds of approximately $70.0-million (37.9 million pounds sterling). The selling price of 46.2 pence per share represents a gain of over 20 per cent to the REIT's Dec. 31, 2024, IFRS (international financial reporting standards) book value. The proceeds will be used to repay debt and for general trust purposes. Following the sale, the REIT will continue to hold 163.3 million Assura shares, or approximately 5 per cent of Assura's public float.
About Northwest Healthcare Properties Real Estate Investment Trust
Northwest provides investors with access to a portfolio of high-quality international health care real estate infrastructure comprised as at March 10, 2025, of interests in a diversified portfolio of 171 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australasia. The REIT's portfolio of medical outpatient buildings, clinics and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its global work force in eight countries to serve as a long-term real estate partner to leading health care operators.
© 2025 Canjex Publishing Ltd. All rights reserved.