GIC Forms £700 Million UK Healthcare Real Estate Joint Venture

Singapore’s GIC is forming a 50:50 joint venture with UK-listed Primary Health Properties involving a portfolio of 27 private hospitals valued at approximately £700 million. The partnership is expected to generate approximately £500 million in proceeds for Primary Health Properties, supporting debt reduction while providing GIC with exposure to UK healthcare real estate. The transaction reflects continued APAC institutional interest in European real assets.

Read the original article:  Reuters