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Healthcare REIT to buy Segro unit

June 05, 2007|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.

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