HomeCo announces an acceleration of our HealthCo strategy

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.

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