Row rect Shape Decorative svg added to bottom Supporting Expansion in South Africa’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 Strengthening Africa’s edible oil supply chain through structured trade finance Absa Corporate and Investment Banking (CIB) has successfully concluded a US$45 million Structured Trade Finance facility for White Horse Commodities FZCO (WHC) – headquartered in the UAE, is a key strategic fuel and cooking oil procurement arm of the Mount Meru Group. Read more DEALS Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more
