WEALTH manager Atlas Advisors Australia has taken a significant stake in a key health asset, Broadway Medical Centre at Ellenbrook, Western Australia.

Atlas Advisors Australia is a co-investor in ASX-listed Elanor Investors Group’s Elanor Healthcare Real Estate Fund which purchased the property 150 Coolamon Boulevard, growing the portfolio to more than $201 million.

It is the fifth acquisition since the fund was established in March 2020.

Atlas Advisors Australia is a major shareholder in Elanor’s Burke Street Health Care Real Estate class which is comprised of two fully occupied A-grade premises including the Princess Alexandra Hospital Burke Street Centre, in Brisbane, Queensland.

It also manages two other healthcare real estates in the Elanor Healthcare Real Estate Fund – a multi-tenanted medical office and day surgery at Spring Hill, Brisbane and multi-tenanted medical office and day surgery at Pacific Private, Southport, Gold Coast.

Executive chairman of Atlas Advisors Australia, Guy Hedley said Broadway Medical Centre was another high-quality commercial healthcare acquisition with secure tenancies in an important health district.

The 1596sqm building which houses the Broadway Medical Centre is fully leased with nine tenancies. Ellenbrook is about 30km north of Perth.

“Demand for private healthcare facilities including day and short-stay hospitals is increasing with more elective surgery shifting outside public hospital settings,” Mr Hedley said.

“Along with strong growth prospects, these assets also present further opportunities for expansion and development.”

Mr Hedley said healthcare was the at core of Atlas Advisors Australia commercial property interests.

“We are looking forward to further expanding into healthcare in partnership with expert fund managers Elanor Investors Group,” Mr Hedley said.

About Atlas Advisors Australia

Atlas Advisors Australia is a leading funds manager operating between China and Australia. With operations in Sydney and Melbourne in Australia and Hong Kong, Atlas is able to support investors in all China and Australia locations.

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THE RESOURCES sector will continue to follow strict Covid-19 protocols in the wake of the lockdown of 11 LGA’s in Queensland to protect employees and regional communities from the virus.

Queensland Resources Council (QRC) chief executive Ian Macfarlane said the safety of employees and resources communities had been the sector’s highest priority since the Covid pandemic began last year.

“Our industry is in regular consultation with the Queensland Premier, Chief Health Officer (CHO) Queensland Health and the Department of Resources to make sure everything possible is being done to keep resource industry workers and the communities they live and work in safe,” he said.

“Our sector has gone above and beyond expectations by implementing even stricter guidelines and protocols than requested by the CHO, an effort which has been recognised by the Premier and the CHO.

“We’re extremely grateful that so far, we’ve not had a single case of Covid transmission at a Queensland resource industry site, but we will continue to be vigilant.”

Measures underway in the resources sector to protect the community from Covid-19 include:

• Companies are only moving FIFO workers from the 11 locked down LGAs where it is essential to keep operations working.
• Companies are carrying out health checks and temperature testing staff at the QRC’s facility at Brisbane Airport prior to workers flying to regional areas, and before entering workcamps and worksites. In some situations, rapid testing (RDT) is being deployed as an extra measure.
• All workers who have left SEQ since 1am Friday are observing lockdown protocols at their destinations and are isolating in their accommodation when not at the worksite.
• Face masks are being worn at all times when travelling, and on the worksite where it is not unsafe to do so. Social distancing is practised in the workplace wherever it is practical to do so.
• Wherever possible FIFO work teams are being separated from local workforces in the workplace.
• The resources industry is deemed an essential industry and employees are going to work with full permission of the Qld Government, CHO, Qld Health and the Department of Resources.
• The industry is in regular consultation with the CHO, Government and its departments and travel to and from worksites is performed under a strict set of protocols which exceed those required by the Qld Chief Health Officer.

All on-site cleaning is performed in accordance with the protocols laid down by the CHO. Companies have COVID Safety Plans which cover these processes and comply with directions and protocols.

www.qec.org.au

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IN PARTNERSHIP with Global Power Generation, a subsidiary of the multinational power company Naturgy Group, Vestas has secured a 58 MW deal for Crookwell 3 Wind Farm in New South Wales, Australia.

the project will feature 16 V126-3.45MW wind turbines in 3.6MW operating mode which Vestas will supply and install. Upon completion, Vestas will also deliver a 15-year Active Output Management 5000 (AOM 5000) service agreement. This agreement will optimise energy production while also providing long-term business case certainty.

"As the largest installer and maintainer of wind turbines, both globally and nationally, we are pleased that customers like Global Power Generation (Naturgy Group) continue to choose our leading technology, market experience and broad service solutions," Vestas Asia Pacific president Purvin Patel said.

Vestas Australia and New Zealand head, Peter Cowling said, "Global Power Generation (Naturgy Group) is a globally valued customer to Vestas.  "We look forward to championing their ambitious vision of sustainability in Australia through the successful delivery of Crookwell 3 Wind Farm, and our remaining projects which are currently in progress".

Pedro Serrano, chief business development officer of , Global Power Generation (Naturgy Group) said, "Once again, Global Power Generation is very pleased to partner with Vestas as OEM and long-term maintenance provider for Crookwell 3 Wind Farm."

Delivery of the wind turbines is expected to occur in the second quarter of 2022, with commissioning to commence in the fourth quarter of 2022.

Crookwell 3 Wind Farm is set to power approximately 40,000 homes and create around 95 jobs during its construction. 

This project is located in the proximity of Crookwell 1 which was the first wind farm to be established in New South Wales when commissioned in 1998. Successfully operating today, the 5MW project features eight of Vestas' V44-600kW wind turbines.

About Vestas

Vestas is the energy industry's global partner on sustainable energy solutions. The group designs, manufactures, installs, and service onshore and offshore wind turbines across the globe, and with more than 136GW of wind turbines in 84 countries, Vestas has installed more wind power than anyone else. Vestas has more than 29,000 employees bringing the world sustainable energy solutions.

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THE House of Representatives Standing Committee on Economics is commencing a new inquiry into the implications of capital concentration and common ownership in Australia.

Committee Chair, Tim Wilson MP, said,"This inquiry is urgent -- there is already high concentration of ownership of ASX listed companies by an increasingly small number of ‘mega funds’ and that trajectory will increase.

"The House Economics Committee has been asking regulators about these risks for nearly a year. Recently the chair of the ACCC informed the committee common ownership posed threats to competition when it hits 10 percent, yet some have already hit 30 percent’.

"We don’t want a stock exchange where a hand full of ‘mega funds’ make all the decisions, and ordinary investors are locked out and higher costs are paid by Australians. Some ‘mega funds’ have already said that as their ownership increases they’d de-list public companies," Mr Wilson said.

"Common ownership’s flow-on risks higher prices and collusion, corporates imposing public policy agendas while bypassing democracy, and disempowering ordinary investors. The law shouldn’t empower capital over citizens and that’s what we’ll be inquiring into."

Common ownership refers to when a fund or collaborative funds simultaneously own shares in competing firms. The committee will investigate the impact of common ownership by institutional investors (such as banks, super funds, investment funds, hedge funds and others).

"This inquiry will shine a bright light ‘under the hood’ of the ownership of the ASX today, and ensure that we update the law, regulations and regulators to address the challenges of the future so we empower citizens, not organised capital," Mr Wilson said.

The committee is inviting submissions from stakeholders and interested parties. The full terms of reference are available on the committee’s website.

Submissions are being sought by Monday, September 13, 2021. Submissions can be made online or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

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