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What are we doing to help?

Article
30 March 2020

Our property funds

Two of our property funds hold assets that are critical to our communities at this time.

Many of the healthcare assets in the Healthcare Property Trust (Trust) are playing a vital role in the ongoing management of the pandemic in the community.

The public hospital sector is looking to private hospitals to support the expected increases in patient demand. The Federal Government announced on Wednesday that all elective surgery, other than urgent procedures, will be placed on hold to free up space in hospitals for COVID-19 patients. Public hospitals are moving to enter into contracts with private hospitals to access ward space and Intensive Care Unit capacity to care for COVID-19 patients, as well as patients in hospital for other reasons. This will free up more than 700,000 beds nationally over the next six months. We are in regular contact with our hospital operators and tenants and will fully support them to absorb this demand.

General practice Medical Centres continue to provide front line primary health care and testing to COVID-19 through personal visits, drive-through testing and tele health consultations.  Pathology laboratories continue to support both primary health providers and hospitals in their surrounding communities.

The Trust’s Aged Care facilities continue to provide care for some of our community’s most vulnerable people. Operators are taking every precaution and are currently restricting access to essential visitors only.

The Diversified Property Fund’s (Fund) shopping centres continue to be at the front line providing essential services for communities with major supermarkets implementing plans for the elderly, disadvantaged and the general community as a whole, so that their needs can continue to be met.  Traffic has increased by more than 30% across all centres, and this increased volume is being managed intensively by site management teams to ensure that adequate social distancing measures are maintained.  We have implemented additional security and cleaning measures so that the community can feel safe and comfortable at this time.

Our warehousing and distribution facilities are also contributing by offering the opportunity for essential medical goods to be stored on site for ease of distribution.

We will be working continuously with all our tenants to review any impacts they experience and assist with their needs where possible.

Important information

Units in the Australian Unity Diversified Property Fund are issued by Australian Unity Property Limited ABN 58 079 538 499, AFS Licence No 234455; Units in the Australian Unity Healthcare Property Trust are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No 234454;

The information in this document is general information only and is not based on the objectives, financial situation or needs of any particular investor. In deciding whether to acquire, hold or dispose of the product, investors should obtain the current Product Disclosure Statement (PDS) and consider whether the product is appropriate for them. A copy of the PDS is available at australianunity.com.au/wealth or by calling our Investor Services team on 13 29 39.  Investment decisions should not be made upon the basis of its past performance or distribution rate or any rating by a rating agency, since each of these can vary. In addition, ratings need to be understood in the context of the full report issued by the rating agency itself. The information provided in the document is current as at the time of publication.

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