Dexus funds acquired majority stake in Royal Adelaide Hospital PPP in South Australia

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Dexus announced that its funds Dexus Community Infrastructure Fund (CommIF) and Dexus Healthcare Property Fund (DHPF) have acquired a total of 30.58% stake in Celsus, the consortium that manages and maintains the Royal Adelaide Hospital (RAH) in Australia.

The stake was acquired from InfraRed Capital Partners taking the total equity interest held by Dexus funds to 72.79%. The hospital's shareholder post-transaction comprises:

  • Dexus Funds – 72.79%
    • Dexus Community Infrastructure Fund (CommIF) – 58.69%
    • Dexus Healthcare Property Fund (DHPF) – 9.95%
    • AMP Capital Core Infrastructure Fund (CIF) – 4.15%
  • abrdn – 17.26%
  • MM Capital Infrastructure Fund 1 – 9.95%
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