Supporting expansion in SA’s healthcare property market Absa | Corporate and Investment Banking > Insights and Events > Supporting expansion in SA’s healthcare property market SHARE Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. 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. Contact Commercial Property Finance https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Connecting African Growth with Global Capital Absa Corporate and Investment Banking supported Ecobank Transnational Inc.’s (ETI) landmark $125 million Eurobond Tap - the first African financial institution issuance in international markets following the tariff-related US market disruption. Read more
