Barwon Investment Partners has capped off a run of deals with its acquisition of a St Kilda Road office tower on the Melbourne CBD fringe, after raising $480 million for its healthcare real estate funds.

The purchase of 607 St Kilda Road for around $75 million is the latest in a $648 million haul of assets backed by the raising and acquired for the Barwon-run funds, which focus on healthcare-related real estate, a rapidly growing sector. Barwon also this year launched a disability housing fund.