Australia: Australian Unity looks to raise A$350m to fund acquisitions and strengthen balance sheet

Australian Unity’s A$3.8bn (US$2.5bn) Healthcare Property Trust (AUHPT)—the largest unlisted healthcare REIT in Australia—has re-opened to seek to raise approximately A$350m to provide funding for upcoming acquisitions and developments and to strengthen its balance sheet by reducing gearing. The offer will include a A$150m non-renounceable rights issue offer to existing investors and a A$200m general…