Australian Unity has completed the sale of the Peninsula Private Hospital in Victoria to Barwon Investment Partners for AUD 290 million.
The transaction represents the first significant divestment from the company’s $3 billion healthcare property trust, initiating a broader strategy to offload up to one-fifth of the fund’s assets.
By targeting a 20% reduction in the fund's asset base, Australian Unity aims to improve its balance sheet resilience.
The move is designed to alleviate debt pressure and streamline the portfolio’s capital structure.
The disposal of a prize asset from the healthcare trust signals a shift toward deleveraging for the wealth giant.
By targeting a 20% reduction in the fund's asset base, Australian Unity aims to improve its balance sheet resilience.
The sale to Barwon Investment Partners, a specialist healthcare investor, suggests continued institutional interest in high-quality private hospital assets despite the broader sell-off context.