Malaysia: Al-‘Aqar Healthcare REIT to acquire KPJ Batu Pahat Specialist Hospital

Al-‘Aqar Healthcare REIT, a subsidiary of KPJ Healthcare, plans to acquire KPJ Batu Pahat Specialist Hospital for M$78m (US$18.5m) from Damansara REIT Managers. The acquisition will be fully funded by funds to be raised from a new Islamic financing facility. KPJ Batu Pahat Specialist Hospital is a seven-multi-storey purpose-built hospital building in Johor with a…

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