This article is from the Australian Property Journal archive
ING Real Estate Community Living Group can pursue the expansion of its portfolio in Canada after raising $155 million.
Under the offers 115,707,446 units were issued at an issue price of $1.34.
The proceeds will be used to buy a 50% interest in a portfolio of eight Long Term Care facilities in Toronto, the acquisition of three retirement villages in Western Australia and one retirement village in Queensland and a further investment in the fund’s United States seniors joint venture with Chartwell Seniors Housing REIT.
Australian Property Journal
