HWL Ebsworth acts for AXA Investment Managers in acquisition of 44% interest in the Australian Diversified Healthcare Fund
HWL Ebsworth acted for AXA Investment Managers (AXA IM) in its acquisition of 44% interest in the Australian Diversified Healthcare Fund (ADHF). Following completion, AXA IM holds 44% of ADHF, the UK-based property business Grosvenor Group holds 50% of ADHF and Centuria’s newly acquired fund manager Centuria Heathley holds 6%. The parties are aiming to create a $500 million healthcare real estate portfolio across Australia, with seed assets worth $88 million being the Mater Hospital in Townsville and the Westside Private Hospital in Taringa, Brisbane.
The HWL Ebsworth corporate and commercial team was led by Partner James Lonie and Special Counsel Natalya Hards, with assistance from Associate Wai Lam Au.
AXA IM is the property arm of the broader AXA group, a French multinational insurance firm that engages in global insurance, investment management, and other financial services. AXA IM currently has approximately AUD$1,185 billion worth of assets under management.
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