Three funds managed by Dexus have acquired a combined 30.58 percent interest in Celsus, a consortium that manages and maintains the Royal Adelaide Hospital (RAH) in Adelaide, Australia, under a public-private partnership (P3).
The acquisition by the Dexus Community Infrastructure Fund (CommIF), the Dexus Healthcare Property Fund (DHPF) and the AMP Capital Core Infrastructure Fund (CIF) bring Dexus’ total stake in Celsus to 72.79 percent.
The 800-bed hospital, delivered as a 35-year P3 with the South Australian government, is one of Australia's most advanced hospitals.
“This further investment into Royal Adelaide Hospital provides our fund’s investors with a unique opportunity to grow their exposure to healthcare in an asset that we understand and have owned for a number of years,” said Darren Steinberg, CEO of Dexus. “This takes exposure to healthcare on the Dexus platform to more than $3 billion.”
This is Dexus’ first transaction since it