Meta Pixel

News and Announcements

APN Property and Generation Healthcare Management Joint Venture Update

  • Published December 24, 2015 4:34PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

24th December 2015, ASX Announcement

APN is pleased to Generation Healthcare REIT’s (GHC’s or the Fund’s) financial close on the $120 million Stage 2 project at Casey, the commencement of the $45 million expansion of Frankston Private Hospital and number of other positive recent fund initiatives. These transactions continue to build upon GHC’s momentum and are expected to further enhance GHC investors’ returns over time.

As previously disclosed GHC is managed via Generation Healthcare Management Pty Ltd (GHM), a joint venture between APN and GHC Management. Under the GHC management arrangements there is potential for GHM to earn performance fees should the Fund’s total return outperform the ASX300 AREIT Accumulation index (refer GHC announcement of 23 October 2014 for further details). It is APN’s practice to exclude such income from its Operating Earnings guidance until such time as these market dependent fees are determined.

To read the full announcement, please click here. 

Capital Insights
Where’s the beef? Blackstone just answered the AI question.

In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]

Company Updates
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation

For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]

Join over 45,000+ sophisticated investors

Join Now