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Canadian NorthWest locks in big AusUnity health fund investor
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It is understood the offshore giant has locked in a key Australian Unity fund backer, in a move designed to pile pressure on the responsible entity and scare off other potential suitors.
Canadaâs NorthWest has struck a deal with Ross Burney-run Hume Partners.Â
Luis Ascui
The backer is Scanlon-family money manager Hume Partners, which is believed to account for 15 per cent to 20 per cent of the in-play Australian Unity Healthcare Property Trust and is its biggest unitholder.
It is understood NorthWest and Hume Partners have entered into put and call options, designed to act like a pre-bid agreement in a company takeover and gives the Canadian first right to Hume Partnersâ stake.
Canadian heavyweight stalks big hospitals, medical practices portfolio
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A big offshore buyer is circling one of Australiaâs biggest owners of properties leased to hospitals, medical centres and sites earmarked for health care developments.
It is understood Australian Unity Healthcare Property Trust, which has $2.3 billion in assets, has come on to the radar of large Canadian investor NorthWest Healthcare Properties.
Robina Private Hospital in Queensland is one of the investments in Australian Unityâs portfolio. Â
Sources said NorthWest had run due diligence on the property trust and started thinking about how it could go about wrestling control of the portfolio.