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HomeCo announces an acceleration of our HealthCo strategy

December 2020

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 here: