Row rect Shape Decorative svg added to bottom Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector Absa | Corporate and Investment Banking > Insights and Events > Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector SHARE Absa Corporate and Investment Banking has successfully supported Growthpoint Healthcare Property Holdings (GHPH) in its acquisition of Auria Senior Living by providing tailored financing solutions and transaction execution expertise. GHPH is a specialist healthcare real estate fund with more than R10 billion in assets under management across hospitals, healthcare facilities and senior living assets. The acquisition of Auria Senior Living expands the fund’s investment mandate and positions it to meet increasing demand for senior living accommodation and healthcare-related services in South Africa. Acting as Mandated Lead Arranger, Original Lender, Hedge Counterparty, Facility Agent and Bridge Loan Provider, Absa structured and supported a R1.7 billion acquisition and refinance package to which we contributed R765 million to the transaction. The acquisition delivers significant social impact by supporting access to quality accommodation, healthcare and wellness services for South Africa’s ageing population. Auria’s portfolio includes four senior living communities accommodating more than 900 residents through independent living units and dedicated care facilities. The transaction reflects Absa’s commitment to empowering Africa’s tomorrow, together…one story at a time. By financing healthcare and senior living, we are enabling investments that enhances quality of life, strengthen resilient communities and support sustainable economic growth. Somaya Joshua https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more DEALS Absa Supports Heriot REIT’s Landmark Student Accommodation Development in Cape Town Absa Corporate and Investment Banking has partnered with Heriot REIT to provide development and investment financing for a landmark student accommodation project in Cape Town, reinforcing our commitment to enabling sustainable growth and investment across South Africa's real estate sector. Read more DEALS Absa supports investment in Eastern Cape retail communities Access to quality retail infrastructure plays an important role in sustaining local economies, creating opportunities for small businesses and providing communities with access to essential goods and services. Read more
