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"Westpac Institutional Bank, through its subsidiary Hastings Funds Management, is the Novacare Consortium Leader"
Novacare Solutions Partnership (Novacare) is the name for two Special Purpose Entities that make up the contracting parties with the NSW State Government for the Mater Hospital Redevelopment Public Private Partnership (“PPP”). |
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Novacare is responsible for managing the PPP Project, subcontracting the various aspect of the construction and service delivery to specialist organisations, experts in their fields.
Abigroup Contractors are subcontracted to design and construct the hospital redevelopment, Medirest Australia are subcontracted to provide soft services such as cleaning, catering, materials management and security. Honeywell are subcontracted to provide hard services such as building maintenance, supply of utility services, and grounds and gardens maintenance.
Your Novacare Team
Scott Lusted - General Manager
Scott Lusted is has over 25 years’ experience in the development, project management and construction industry and has a reputation for successfully managing many diverse and complex projects. Scott’s background is in construction, real estate, commercial, retail and residential property development, having had his own building and development company on NSW’s Central Coast.
For Novacare, Scott manages the relationships between all stakeholders and administers the Project Deed with the government, and subcontracts with the D&C Contractor and Hard and Soft FM providers, together with his responsibilities to the Novacare Board, its shareholders and funders. As Project Director for Novacare, he was responsible for the design and construction of the $176m Mater redevelopment as part of this PPP, which concluded on time, on budget and without disputation.
Further, as an Associate Director with Hastings Funds Management, he is Project Managing the design, construction, financing and supply of the light rail infrastructure and rolling stock for the Sydney Light Rail Inner West Extension. |
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| David Cantwell - Commercial Manager |
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David’s role combines the responsibilities of financial controller, asset management and technical support to the General Manager.
David has over 18 years experience in Finance and the Funds Management industry and 11 years in the property management industry. He commenced working on Novacare shortly after the commencement of Services. |
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Westpac Essential Services Trust (WEST) is a registered managed investment scheme funds assets that deliver essential public services via Public Private Partnerships (PPP).
WEST holds 100% of the equity in the Mater Hospital Redevelopment PPP.
The “Responsible Entity” for WEST is Hastings Funds Management Limited (HFML), a wholly owned subsidiary of Westpac Banking Corporation. HFML has more than $6 billion of funds under management.
WEST’s other investments are:
- Airport Link Company Pty Ltd (ALC) - ALC has the exclusive right, granted from RailCorp, to operate the stations at Green Square, Mascot, Sydney Domestic and Sydney International Terminals until 20 May 2030.
- Bonnyrigg Living Communities Project (Bonnyrigg), a social housing PPP in Western Sydney. Bonnyrigg is the first of the Living Communities Program, a $500m program to renew and strengthen communities in high-need Public Housing estates in NSW.
For further information on WEST, please contact Scott Lusted,. Telephone (02) 9287 8744 or click HERE
Committed to corporate responsibility
Westpac’s commitment to corporate responsibility is a simple one. It is about doing the right thing; behaving in a responsible, ethical and trustworthy manner; acknowledging our major impact on society and accountability to our stakeholders.
This means conducting our business in a way that meets social, environmental and economic responsibilities in an appropriately balanced way.
Westpac is the only Australian bank to commit to the Equator Principles, a voluntary set of guidelines which have been developed for managing social and environmental issues relating to the financing of projects.
Your local Westpac contact
Whether you're buying a home, renovating, refinancing, building or investing, Westpac can help. You can save money and the environment with one of our home, investment or equity loans.
Jenny Smith is your local Westpac Home and Investment Finance Manager for New Lambton and Hamilton. Speak to Jenny 7 days a week on 0417 275 521 to discuss selecting the right loan with the features and flexibility to meet your needs.
For more details, visit Westpac’s online Home Loan and Personal Loan centres. |
