MM Capital Partners

PORTFOLIO Royal Adelaide Hospital Project (Australia)

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Asset Overview

Company Name Celsus Holding Pty Limited
Location Adelaide , State of South Australia, Australia
Fund Invested MM Capital Infrastructure Fund I, L.P.
Assets Royal Adelaide Hospital  ※equipped with approximately 800 hospital beds
Grantor SA Health, Government of South Australia
Revenue Availability Payment

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Description

  • Royal Adelaide Hospital (“the RAH”) project is a Public Private Partnership (“PPP”) project for the design, construction, finance, operations and maintenance of the RAH.
  • This project is the largest social infrastructure project in state of South Australia’s history and is one of the most advanced health facilities in the region.
  • Celsus Holding Pty Limited (“Celsus”) entered into a PPP contract in 2011 with the Government of South Australia to deliver and operate the RAH for a 35-year concession period. And the RAH was commissioned in 2017.
  • Since the completion of construction, Celsus has continually delivered stable and reliable operations, ensuring reliable health services for the residents of South Australia.
  • In July 2021, Celsus has completed a refinancing of approximately A$2.2 billion. This loan was structured entirely as a sustainability loan and is the world’s largest sustainability loan in the healthcare sector.
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