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ABL acts for MPT on $1.2B hospital portfolio sale

Property & Development
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Arnold Bloch Leibler has acted for US-based Medical Properties Trust (MPT), one of the world’s largest owners of hospital real estate, on the $1.2 billion sale of their portfolio of 11 Australian hospitals to ASX-listed asset manager, HMC Capital.

The transaction will see the properties, which are leased to Australian private hospital operator Healthscope, settle under a staged process that is expected to be completed in the second half of 2023.

Property and Development partner Dorian Henneron led the transaction, with assistance from lawyer Tamsen Kempster and law graduate Dylan Feltham.

Commenting on the sale, Dorian said: “We are delighted to have supported MPT on this deal. It was a pleasure working with their team and we now look forward to assisting MPT with settlement over the coming months.”

As reported by Businesswire, MPT Chairman, President and CEO Edward K. Aldag, Jr. said: “The sale of this portfolio by means of a competitive process, in the midst of an extraordinary disruption to global capital markets, demonstrates the breadth and resilience of demand for hospital infrastructure assets.”

In 2019, ABL acted for MPT on the initial acquisition of the hospital portfolio.

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