Healthcare REIT to buy Segro unit
From Times Wire Services
Health Care Property Investors Inc. agreed to pay $2.9 billion for Segro’s U.S. life science real estate business, Slough Estates USA Inc., in the largest U.S. acquisition of research and development property.
Long Beach-based Health Care Property, the largest U.S. healthcare real estate investment trust, will gain about 5.2 million square feet in 83 buildings in the San Francisco and San Diego areas.
