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Dexus closes initial fundraising for Healthcare Wholesale Property Fund

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Dexus closes initial fundraising for Healthcare Wholesale Property Fund

Dexus announced the completion of the initial equity fundraising round for its Healthcare Wholesale Property Fund, with the second round slated for 2018.

Dexus said in a release that fund investors include Clean Energy Finance Corp. and Australian Ethical Investment, alongside the company and Commercial & General.

The fund is seeded with roughly A$370 million of assets, including the new 12-story, 343-bed Calvary Adelaide Hospital and the GP Plus Healthcare Centre in Elizabeth, in South Australia.

The fund also boasts a "pipeline of high-quality opportunities" valued at about A$445 million, including the North Shore Health Hub in St. Leonards in Sydney and a medical research facility in Adelaide.