Overview

The Heathley Direct Medical Fund No.1 is an unlisted property fund that has invested in a portfolio of direct medical properties throughout Australia. The portfolio consists of a very targeted mix of strategically located and well leased primary care based medical centres, specialist centres (i.e. day surgeries) and small private hospitals in locations that have demographics supportive of an increasing demand for healthcare.

On 6 November 2018 a Special Resolution was passed by unitholders for the restructure of the Fund to combine it with five additional healthcare and aged care real estate funds into a stapled REIT and to list the REIT on ASX. The votes for the Special Resolutions are summarised below:

AMENDMENTS TO TRUST DEED

FOR:

34,951,220 VOTES REPRESENTING 97.93% OF VOTES CAST
329 HOLDERS REPRESENTING 95.64% OF HOLDERS

AGAINST:

738,765 VOTES REPRESENTING 2.07% OF VOTES CAST
15 HOLDER REPRESENTING 4.36% OF HOLDERS

ABSTAIN:

0 VOTES
0 HOLDERS

APPROVAL OF THE PROPOSED TRANSACTION

FOR:

34,926,220 VOTES REPRESENTING OF 97.86% VOTES CAST
329 HOLDERS REPRESENTING 95.64% OF HOLDERS

AGAINST:

763,765 VOTES REPRESENTING 2.14% OF VOTES CAST
15 HOLDER REPRESENTING 4.36% OF HOLDERS

ABSTAIN:

0 VOTES
0 HOLDERS

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Information Flyer RG46 Disclosure
Type
Unlisted Property Fund
Status
Closed for Investment
Fund Commenced
November 2014
Fund Term
Up to 7 years
TypeUnlisted Property Fund
StatusClosed for Investment
Fund Commenced November 2014
Fund TermUp to 7 years

Fund Objectives

The Heathley Direct Medical Fund No.1 successfully acquired a portfolio of very specific medical properties valued at circa
$130 million during its Investment Period which expired in June 2017. The Fund will hold the portfolio during the Portfolio Management Period where income and capital growth strategies will be applied.

Heathley have identified the medical property sector as a sound investment for the following key reasons:

The Fund will aim to provide investors with a consistent and reliable income stream derived from long-term leases to quality medical tenants and the opportunity for capital growth through active management. Returns are driven by non-discretionary demand and therefore provide resilient and less cyclical returns.

Providing scale of investment within a tightly held sector diminishes risk through diversification
of tenants, properties and services, whilst enhancing potential exit strategies.

Fund Summary

Property Portfolio


GP anchored Medical Centre - 87-89 Langtree Avenue, Mildura, VIC

Specialist clinic and ancillary medical - 574 Melton Highway, Sydenham VIC

GP clinic and ancillary medical - Lots 2-6, 956 Gympie Road, Chermside, QLD

Day Surgery - 1 Derby Street, Kogarah, NSW

GP anchored Medical Centre - 2 Clarkshill Road, Secret Harbour, WA

Specialist Centre - 52 Pendlebury Road, Cardiff, NSW

Private Hospital - 57 Norris Road, Mount Pleasant, QLD

Private Hospital - 74-86 Channon Street, Gympie, QLD

GP anchored Medical Centre - 95 Alexander Drive, Highland Park, QLD

GP anchored Medical Centre - 196 Hall St, Spotswood VIC

GP anchored Medical Centre and ancillary health and Retail - 1220 Sandgate Rd, Nundah, QLD

GP Anchored Medical Centre and ancillary medical services - 295 Kingston Road, Logan Central. QLD

Large Medical Centre with retail and office - 18 Civic Blvd, Rockingham WA

GP anchored Medical Centre - 306 Olsen Avenue, Parkwood, QLD

More Information

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