23 Jul 2019

New investor secured for the Healthcare Wholesale Property Fund

23 July 2019

New investor secured for the Healthcare Wholesale Property Fund

The Healthcare Wholesale Property Fund (HWPF) today announced Employees Provident Fund (EPF) Malaysia as a new investor in the fund.

EPF Malaysia is a US$200 billion retirement fund for both private sector and non-pensionable public sector employees in Malaysia.

Dexus Executive General Manager, Funds Management, Deborah Coakley said: “We are pleased to welcome EPF Malaysia onto our funds management platform, which enables the continued growth of HWPF, Australia’s high-quality healthcare wholesale property fund.”

EPF Malaysia’s $100 million commitment will enable HWPF to acquire1 the North Shore Health Hub, Stage 1 of the development at 12 Frederick Street, St Leonards currently held in Dexus’s Trading portfolio. The state of-the-art healthcare facility, being developed by Dexus, will support existing infrastructure in a growing healthcare precinct on Sydney’s lower North Shore and is due for completion in late-2020.

1. Subject to HWPF Board and Advisory Committee approvals.

 

Dexus Investor

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