Overview

The Heathley Keystone Property Fund No. 32 (Fund) is a closed-end, single-asset, unlisted direct property fund wholly invested in a medical office property, located at 312 Bourbong Street, Bundaberg, Queensland and known as the Margaret Rose Health Centre.

The Property comprises a purpose built two storey modern medical building occupying a 2,023 sqm (approx.) site situated on the corner of Bourbong and Hope Streets, directly adjacent to the Mater and Bundaberg Base Hospitals.

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:

2,280,000 VOTES REPRESENTING 95.80% OF VOTES CAST
26 HOLDERS REPRESENTING 96.30% OF HOLDERS

AGAINST:

100,000 VOTES REPRESENTING 4.20% OF VOTES CAST
1 HOLDER REPRESENTING 3.70% OF HOLDERS

ABSTAIN:

0 VOTES
0 HOLDERS

APPROVAL OF THE PROPOSED TRANSACTION

FOR:

2,280,000 VOTES REPRESENTING OF 95.80% VOTES CAST
26 HOLDERS REPRESENTING 96.30% OF HOLDERS

AGAINST:

100,000 VOTES REPRESENTING 4.20% OF VOTES CAST
1 HOLDER REPRESENTING 3.70% OF HOLDERS

ABSTAIN:

0 VOTES
0 HOLDERS

downloads

RG46 Disclosure
Type
Single Asset Unlisted Property Fund
Status
Closed for Investment
Fund commencement
November 2013
Investment period
5 years
TypeSingle Asset Unlisted Property Fund
StatusClosed for Investment
Fund commencementNovember 2013
Investment period5 years

Fund Objectives

The Heathley Keystone Property Fund No. 32 comprises a single medical property which was purpose built to house Queensland Health’s Bundaberg and Wide Bay Burnett regional community health facility. The property also provides a number of additional tenancies on the ground floor which are leased to a mix of medical tenants and a cafe, as well as ample basement car parking.

Well located within the local health precinct and on the main Street of the Bundaberg Town Centre, the property is an attractive medical and ancillary health care location. The fund aims to provide an attractive income yield to investors and capital growth over the Fund term.

 

Heathley Asset Management Limited as the Responsible Entity of Heathley Keystone Property Fund No. 32 ARSN 166 572 621 provides notice of the change of auditor for the scheme and compliance plan:

Outgoing auditor

Pitcher Partners (Level 22, MLC Centre, 19 Martin Place, Sydney  NSW  2000)

Proposed incoming auditor

KPMG (Tower 3, International Towers Sydney, 300 Barangaroo Avenue, Sydney  NSW  2000)

Reason for change of auditor

The Responsible Entity went through a competitive audit tender process for all of its Funds to be audited by one external auditor for efficiency purposes and subsequently awarded to KPMG.

Fund Summary

Property Portfolio


312 Bourbong Street, Bundaberg, Queensland

More Information

Please fill in your details and we will be in contact to provide you with further information