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Generation Healthcare REIT To Acquire Development Site

Tuesday, 26 Feb 2013 04:39pm EST 

Generation Healthcare REIT announced that the Fund has unconditionally contracted to acquire a development site at 55 Kangan Drive, Berwick, Victoria. The purchase price for the land of AUD 2.4 million plus acquisition costs. The 12,200 square meter (1.2 hectare) site is located directly opposite the Casey Public Hospital, providing an opportunity to develop over time a scale co-located medical campus to service Victoria's municipality. 

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