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AUSTRALIAN UNITY LIMITED — Capital/Financing Update 2021
Jul 6, 2021
64486_rns_2021-07-06_c6fe8ce4-57a2-4c6b-a8d8-07a1220540a9.pdf
Capital/Financing Update
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ASX Announcement
7 July 2021
Australian Unity finalises Greengate purchase
Health, wealth and care group Australian Unity today finalised the purchase of aged care and retirement living owner-operator Greengate Partnership Pty Ltd (Greengate).
Announced on 20 May, the purchase includes three recently-built and fully operational vertical co-located retirement village and residential aged care precincts—two in Sydney (Maroubra and Kogarah) and one in Brisbane (Woolloongabba).
The Greengate portfolio also includes a prime development site in Brisbane (Auchenflower) that has approval for a vertical retirement village and residential aged care precinct.
The three operational sites have added 253 independent living units (ILUs) and 225 residential aged care (RAC) beds to the Australian Unity portfolio.
With the purchase of Greengate, Australian Unity now owns and operates 10 co-located retirement villages and residential aged care precincts and 14 retirement villages across NSW, Victoria and Queensland, comprising 2,749 ILUs and 1,011 RAC beds.
ASX code: AYU
Securities on Issue: AYUPA – 1,200,000 AYUHC – 1,150,192 AYUHD – 2,070,000
Issuer: Australian Unity Limited ACN 087 648 888
Enquiries: Australian Unity Registry 1300 554 474
Contact details: Australian Unity Limited 271 Spring Street Melbourne VIC 3000 Tel: 13 29 39
The listing of Australian Unity Securities on the ASX does not affect Australian Unity Limited’s status as a mutual organisation
Australian Unity’s EGM Residential Communities, Beverly Smith said: “We are thrilled to welcome Greengate’s 300 employees and 450 customers to Australian Unity.”
“This acquisition is part of our strategy of pursuing accelerated growth opportunities in healthy ageing precincts. It’s a terrific addition because of Greengate’s complementary footprint and similar service model to Australian Unity.”
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This announcement has been authorised for distribution to the ASX by:
Melinda Honig General Counsel and Company Secretary T: +61 3 8682 6819
If securityholders or other interested parties require further information please contact:
Michael Moore
General Manager – Public Affairs & Communications T: 1300 408 776 E: [email protected]
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