Australia: AUHPT to raise equity and join forces with Dexus in wake of Northwest offer

By
Nick Herbert
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Australian Unity Healthcare Property Trust (AUHPT) is to raise equity to fund a A$1bn (US$770m) development pipeline and the strengthen balance sheet to capitalise on acquisition opportunities. AUHPT is to raise up to A$320m via a A$120m entitlement offer of wholesale units to existing unitholders, o A$180m cornerstone placement to Dexus at A$2.60 per share…

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Nick Herbert
Nick Herbert
Nick Herbert has over 30 years’ experience in the financial markets, as both a practitioner and journalist. He started work as an investment banker in London, before joining International Financing Review (IFR) to report on debt capital markets and derivatives. He moved to Singapore in 2000 to manage IFR’s financial markets editorial team throughout Asia, before returning to London in 2009 to take up the position of Publisher for Reuters Capital Markets Publications. For the last five years he has been covering global capital markets, ESG finance and healthcare markets on a freelance basis.
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