Benlee Trust No. 8
The Benlee Trust No. 8 (the Trust) is an unregistered managed investment scheme and was established to act as a special purpose vehicle for investors to invest into East Sydney Day Hospital Pty Ltd (the Company), an unlisted private established in 2013.
The Company entered into a 10 year lease, with 10+10 year options, for levels 4-5 at 75-85 Crown Street, Woolloomooloo in Sydney. It has fitted out the space which now operates as a state of the art, fully integrated private hospital, providing superior professional health case and comfort to all patients and their families.
The facility has approximately 3,200m2 of medical facilities and offers a wide range of specialist healthcare services, including:
- Ophthalmic surgery;
- Oral & dental;
- Plastic surgery;
- Sleep clinic; and
- Stem cell therapy.
The Trust lent money to the Company via a convertible note which, along with bank debt, was used to complete the fit out and provide working capital to commence operations. The convertible note has since been converted into shares.
One Asset Management AR Pty Ltd is the Trustee of the Trust and members of One Investment Group provide registry and administration services to the Trust.
Should you have any queries, please contact us on [email protected] or call us on (02) 8277 0000.