Interest rate 'sweetener' helps healthcare investment go down

Healthy earnings: Avenue Health on Bealey. (Image: FLC)

Mon, 19 Jun 2023

Property investment group First Light Capital has added the Avenue Health building in Christchurch to its healthcare portfolio, a deal it settled last week for $11.8 million.It’s the first foray outside Auckland or Hamilton for the three-year-old Auckland-based syndication firm, which currently has 21 properties across 13 funds, valued at about $300m. That’s after the sale of two of its Auckland properties, 124 Vincent St for $20.2m and 82 Kerwyn Ave for $10.5m. The latest wholesale fund offer raised shareholder capital of...

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