HWL Ebsworth acts for AXA Investment Managers in acquisition of 44% interest in the Australian Diversified Healthcare Fund

23 September 2019

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.

Note to Editors:

HWL Ebsworth is the largest legal partnership in Australia according to the most recent partnership surveys published by The Australian and the Australian Financial Review and is the only commercial law firm with an office in every Australian State and Territory.

The firm comprises 1,349 staff including: 263 Partners, 724 other legal staff and 362 support staff across offices in nine locations – Adelaide, Brisbane, Canberra, Darwin, Melbourne, Hobart, Norwest (North West Sydney), Perth and Sydney.

HWL Ebsworth is an independent, nationally integrated, full service commercial law firm, providing tailored and commercially oriented legal services.

HWL Ebsworth operates a different business model to the other leading national law practices, and this allows us to offer unrivalled value for money without compromising quality and service. Our low ratio of solicitors to partners ensures that our clients receive optimal access to partner resources for all matters.

For further information, please contact:

Russell Mailler, HWL Ebsworth’s National Marketing Manager, on 0400 019 323 or rmailler@hwle.com.au

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