Heathley postpones ASX listing

ASX listing for Heathley Healthcare REIT to be put on ice.

In a surprise announcement Heathley Asset Management has advised that it has pushed back plans to list a $528M portfolio of healthcare assets. The group had been looking to raise $224.6M via a bookbuild and whilst it has received strong interest, the Manager announced that the planned ASX listing will be put on hold in light of the current volatility in global capital markets. The ASX listing was originally planned for 12 December 2018 and would have seen the amalgamation of 4 of Heathley’s major unlisted funds into a stapled ASX listed security.