Dexus today announced that it has completed the first round equity raise for the Healthcare Wholesale Property Fund (HWPF or the Fund) with a pool of third party capital.
Together with Dexus and Commercial & General (C&G), investors include Clean Energy Finance Corporation (CEFC) and Australian Ethical Investment (Australian Ethical). CEFC’s and Australian Ethical’s investment is an endorsement of Dexus’s strong Environmentally Sustainable Design (ESD) principles.
HWPF is seeded with approximately $370 million of properties (on completion value) including the new 12- storey 343-bed Calvary Adelaide Hospital (currently under development with C&G) and the GP Plus Healthcare Centre located in Elizabeth, north of Adelaide. In addition to the seed assets, the Fund has a pipeline of high quality opportunities valued at approximately $445 million (on completion value) including the North Shore Health Hub in St Leonards in Sydney and a medical research facility in Adelaide.
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