Healthcare Wholesale Property Fund (HWPF)
Healthcare Wholesale Property Fund (HWPF) is a new open-ended unlisted property fund providing investors with a unique, high-quality portfolio and the opportunity to participate in an asset class which has exceptional long-term potential.
The Fund has a high quality seed portfolio comprising of approximately $370 million of properties (on completion value) and a weighted average lease expiry of 28 years. The seed assets include the Calvary Adelaide Hospital (under construction) and GP Plus Health Care Centre in Adelaide. In addition to the seed assets, the new Fund has an identified potential pipeline of approximately $445 million of opportunities.
The Fund has a clearly defined strategy to build a diversified healthcare portfolio and increase scale appropriately, supported by:
- a high calibre specialised management team,
- best practice corporate governance, with a majority independent Board and a unitholder elected Advisory Committee, and
- manager co-investment providing alignment of interest.
The Fund is intended for "wholesale clients" as defined in sections 761G (4) and (7) of the Corporations Act and is a Managed Investment Scheme. The Fund is structured to accommodate institutional investors with a minimum application amount of $10,000,000.
A first-round equity raise was completed in December 2017. HWPF will be conducting a second round of equity raising in 2018.
For further information on HWPF and the second round equity raise, please contact: