Australia | Dexus, an Australian real estate company, announced this week that its Community Infrastructure Fund, Healthcare Property Fund, and AMP Capital Core Infrastructure Fund had acquired a combined 30.58 percent interest in Celsus Holding Pty Ltd.
Celsus is the consortium that manages and maintains the Royal Adelaide Hospital (RAH) under a Public-Private Partnership (PPP) agreement with the South Australian Government - bringing the total stake held by Dexus funds in Celsus to 72.79 percent.
The acquisition of the additional interest in Celsus is Dexus's first transaction since it completed the acquisition of AMP Capital's domestic real estate and infrastructure equity business on March 24, 2023.
Dexus CEO Darren Steinberg stated that the investment in the Royal Adelaide Hospital provides investors with a unique opportunity to grow their exposure to healthcare in an asset that Dexus has owned and understood for several years. Steinberg added that the Dexus platform's healthcare exposure now exceeds $3 billion.
The Royal Adelaide Hospital is an 800-bed hospital providing clinical services, training, and research facilities to deliver high-quality and complex patient care, and is one of Australia's most advanced hospitals. Dexus partnering with the government and SA Health is proud to provide critical healthcare infrastructure for the community.
