Barwon Investment Partners (Barwon) is pleased to announce that the Barwon Institutional Healthcare Property Fund (BIHPF, Fund) has been awarded a Green Star rating, the first Australian healthcare portfolio to be certified by the Green Star performance tool.
Founded by Green Building Council of Australia in 2003, Green Star is an independent, internationally recognised rating system which provides assurance that high standards across a range of sustainability categories have been met.
Tom Patrick, Head of Healthcare Property at Barwon said, “We are pleased to be the first healthcare property portfolio to be Green Star certified within Australia. ESG considerations form an integral part of Barwon’s acquisition due diligence process and our day-to-day asset management activities. We are committed to building upon our leading ESG position within the healthcare property industry and it is rewarding for the healthcare property team, our tenants, and investors to see our innovative and sustainable properties recognised with this 3 Star Green Star rating.”
The Green Star rating process has assisted Barwon in identifying and executing on several key ESG initiatives for the Fund including installation of solar PV, smart meters and a centralised digital energy monitoring platform. These ESG initiatives will not only assist in optimising building energy consumption and reducing the carbon footprint of each building, but also provide a sustainability reporting tool for the regular sharing of data with Barwon’s key stakeholders and tenants which will ultimately ensure they are more focal on being environmentally aware.
In addition to this rating, Barwon is in the process of completing three new medical assets which will be completed to a 4 Star Green Star rating. Healthcare real estate plays a key role in the delivery of improved social outcomes by providing the pillar to critical healthcare services in areas of demand. The Deakin Clinic, which is expected to open later this year, is a prime example of a Barwon asset providing critical social services and will be the first private adolescent inpatient mental health hospital servicing Canberra, Southern NSW and Riverina.
The Barwon Institutional Healthcare Property Fund continues to grow its assets and currently manages $1.2 billion worth of properties within its portfolio.
For more information on the Fund’s Green Star rating, or to find out how to invest in the Barwon Institutional Healthcare Property Fund, please contact Tom Patrick at tom.patrick@barwon.net.au or Rob Morrison at rob.morrison@barwon.net.au
About Barwon Investment Partners
Barwon Investment Partners is an Australian fund manager with a 15+ year track record of generating strong investment returns for institutional and wholesale clients. Barwon is independently owned with an experienced team of over 40 investment professionals focused on healthcare property, property finance and global investments.