Dexus extending presence in healthcare sector

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by Rachael Jones

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Last Updated: 17/02/2020 12:12 PM

Dexus (ASX:DXS) is extending its presence in the healthcare sector after conditionally agreeing to acquire an interest in Heathley, the external manager of the Heathley Healthcare REIT, a new stapled vehicle proposed to list on the Australian Securities Exchange and in which Dexus will take a cornerstone investment.

Dexus will acquire an initial 28.5 per cent interest in Heathley for $11.3 million, with an option to acquire a further 21.5 per cent interest in the future.

Heathley and the Healthcare REIT Heathley is a specialist owner of Australian healthcare real estate assets and a leading manager of healthcare real estate in Australia and is part of the Heathley Group.

It is a new stapled vehicle proposed to list on the Australian Securities Exchange.

Shares in Dexus (ASX:DXS) closed -0.39 per cent lower to $10.28 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.