ING Antai has completed the US$91 mil acquisition of Min Shen Hospital in Taoyuen , Taiwan , from Mission Health Care. The sale and leaseback deal is the first of its type for a hospital in Asia . Robert Lie, CEO, ING Real Estate Investment Management Asia, said that the deal was attractive because it not only offers stable returns and added ” This special purpose building for hospital usage generates a relatively higher return than typical real estate investment transactions in Taiwan.” 

Other factors making the deal attractive was the completion of the government's urban plan, which puts the hospital in the new city center of Taoyuan City , said Lie. He continued that, while “Hospitals are not typically considered part of the traditional real estate investment sector, ING Real Estate has been investing in health care facilities for some time now in other parts of the world.” 

It remains to be seen whether this will be the start of a new trend in Real Estate transactions, according to Eric Chen, Associate Director, Investment Sales, Jones Lang LaSalle Taiwan . He said the deal is “just a start, it's a difficult deal, investors need more time to spend on research”. Lie, however is more confident and stated “We believe that the completion of this transaction will open a new direction and further opportunities to acquire good quality income producing properties in Taiwan and other parts of Asia”.


return to www.rfpmagazine.com