Home Consortium announces an acceleration of our HealthCo strategy

HomeCo today announces an acceleration of our HealthCo strategy. In particular:

• Acquisition of 6 health, education and Government services properties for $131 million
• Increases scale of Health, Wellness & Government exposure to over $400 million
• Accelerates Health, Wellness & Government REIT – on track to be established 1H CY2021
• Acquisition of Western Sydney Gregory Hills Home Centre for $32 million
• $125 million fully underwritten placement to fund the acquisitions
• Acquisitions and Placement are anticipated to be 4% accretive to HomeCo’s FY21 FFO/security whilst reducing balance sheet gearing to 22.0%

For further details, please refer to our ASX announcement.