The ING Real Estate Healthcare Fund kicked off its debut on the Australian Stock Exchange with a healthy start.
Yesterday, IHF opened at $1.11, above its $1.00 issue price and closed a $1.12 on the trade of 344,100 shares.
The trust invests in properties used to provide healthcare services and receives rental income from leases to operators.
IHF’s initial portfolio is valued at $48.5 million and comprises the Epworth Freemasons Private Hospital in Clarendon Street, East Melbourne and the Epworth Freemasons Private Hospital and Medical Centre in Victoria Parade, East Melbourne.
The properties provide an important part of the health infrastructure for the people of inner and eastern Melbourne.
By Adam Parsons
