Primary Health Care, one of Australia’s largest health care providers will sell one of its offices in Sydney.
The company, which also has pathology, medical technology and health insurance operations, expects to pocket $40 million for the Barangaroo office site in Millers Point.
The sale is expected to be finalised by the first half of 2016, with managing director, Peter Gregg saying it will reduce debt while keeping to the company’s “initiative to recycle capital from non-core assets”.