Malaysia’s Al-Aqar Healthcare REIT has priced the placement units it is issuing to selected investors, as part of efforts to fund its most recent acquisitions.

The REIT, which presently has a portfolio of mostly healthcare assets across Malaysia, first announced in September 2022 that it was acquiring three assets from separate vendors.

These assets include the Seremban Specialist Hospital and the Pasir Gudang Specialist Hospital, and the total acquisition consideration is about MYR192 million.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.