Barwon Investment Partners (“Barwon”) is pleased to announce the successful completion of the second acquisition made by the Barwon Healthcare Property Fund. The Fund’s portfolio now includes two primary care facilities in Victoria with a strong tenancy profile and a WALE in excess of 7 years.
The second acquisition is a modern, purpose built medical centre fully leased to Healthscope.
The Fund, which is unlisted and open to wholesale investors, plans to acquire over $100 million in
healthcare real estate assets within Australia over the next 3 years. The Fund’s strategy is focused on providing investors with strong total returns underpinned by an attractive semi-annual distribution yield. Investments will encompass healthcare properties including medical centres, diagnostic and laboratory facilities, private hospitals and ancillary healthcare property assets.
Barwon Investment Partners’ Director, Rob Morrison, comments:
“We see great opportunities in the healthcare real estate sector in Australia, with healthcare real estate having outperformed the direct property market over the last 8 years. Healthcare spend constitutes nearly 10% of Australia’s GDP, however the sector is often over looked by institutional real estate participants. Our team has an in-depth knowledge of the healthcare sector, combined with a deep understanding of property funds management. We will be acquiring quality assets that meet our stringent due diligence hurdles as well as seeking to partner with key healthcare tenants and operators to support their expansion with specialist real estate capital.
We are pleased to have secured another investment for the Fund and we are actively assessing new
opportunities for our investors.