Supporting Expansion in South Africa’s Healthcare Property Market

Absa is proud to partner with Growthpoint Healthcare Property Holdings Limited (GHPH) to advance South Africa’s healthcare infrastructure. As Sole Mandated Lead Arranger, Facility Agent and Co-Lender, we structured an inaugural facility of R950 million, of which R600 million was provided by Absa - to fund GHPH’s expanding participation in the sector.

GHPH is a sector-specialist fund investing in income-generating real estate within South Africa’s healthcare sector. With over R4 billion in assets under management, GHPH owns assets operated by some of the most recognised hospital brands in the country. As a dedicated healthcare landlord, GHPH can partner with smaller, often B-BBEE-owned, healthcare operators to scale in a market traditionally dominated by large incumbents - GHPH’s largest tenant is Busamed - a proudly South African private hospital group.

This deal enables GHPH to refinance an existing IFC facility and fund future capital expenditure, directly supporting the development and improvement of hospitals across the country. GHPH’s focused investment mandate expands healthcare access in local communities, supports job creation and enhances economic infrastructure.

At Absa we believe in partnering with our clients to build an inclusive, sustainable and healthier future.