Healthcare Property
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Fund Overview

The Barwon Institutional Healthcare Property Fund was launched in November 2016 and aims to provide institutional investors with a portfolio of equity investments in Australian healthcare properties.

The Fund comprises a high quality, diversified portfolio of healthcare properties including hospitals, private specialist facilities, day surgeries & medical centres and ancillary healthcare assets.

The Fund aims to provide investors with an attractive income return, quarterly distributions, and the potential for capital growth.

Investment Strategy

The Fund holds an Australian portfolio of 25+ assets and is comprised of healthcare properties including:

  • Hospitals
  • Private specialists facilities
  • Day surgeries & medical centres
  • Public health facilities
  • Diagnostic and laboratory facilities
  • Ancillary healthcare assets

All assets are located in Australia in metropolitan and major regional locations

Key Features of the Fund

Australia’s growing and aging population driving strong demand for healthcare services
Attractive target yields of 4%-6% p.a. paid quarterly
Long WALEs with inflation-hedged income streams
Strong total returns for the property asset class with lower volatility
High credit quality of tenants
First Australian healthcare fund to be awarded Green Star rating

Unit Price and Performance

As at 31 March 2024

Fund NameUnit Price (CUM) Income Return ITD p.a.Capital Return ITD p.a.Total Return ITD p.a.Fund Inception
Barwon Institutional Healthcare Property Fund1.27434.58%2.91%7.48%2-Dec-16
Disclaimer

Investment Team

Tom Patrick

Tom Patrick

Head of Healthcare Property, Partner

Read More
Tom Patrick

Tom Patrick

Head of Healthcare Property, Partner

Read More

Selection of Fund Properties

Maroochydore, Queensland

  • Description: A specialist medical centre located in the healthcare hub of Maroochydore, QLD
  • NLA:  ~10,000 sq.m.
  • Anchor Tenant: University of the Sunshine Coast
  • Purchase Date: to be completed ~Q2 2025

Mackay, Queensland

  • Description: A newly built, specialist medical centre located in the healthcare hub of Mackay, QLD
  • NLA: 3,676 sq.m.
  • Anchor Tenant: ICON
  • Purchase Date: July 2018

Kingswood, NSW

  • Description: A multi-disciplinary specialist health facility located adjacent to the Nepean Public Hospital, NSW
  • NLA: 6,074 sq.m.
  • Anchor Tenant: Cura Day Hospitals, Genesis Care and Q-Scan
  • Purchase Date: July 2018

Deakin, Australian Capital Territory

  • Description: A private hospital campus located in Deakin, ACT, comprised of a private hospital and medical services building
  • NLA: 22,153 sq.m.
  • Anchor Tenant: Calvary
  • Purchase Date: May 2018

Gosford, NSW

  • Description: A newly renovated private hospital on the Central Coast of NSW
  • NLA: 20,318 sqm
  • Anchor Tenant: Healthe Care
  • Purchase Date: July 2019

Wollongong, New South Wales

  • Description: A newly renovated and expanded day surgery located in Wollongong’s (NSW) health precinct
  • NLA: 3,196 sq.m.
  • Anchor Tenant: Healthe Care
  • Purchase Date: May 2017

The Barwon Institutional Healthcare Property Fund is the first Australian healthcare fund to be awarded a 3 Star Green Star rating

Environmental

Barwon seeks to be Australia’s leading manager in healthcare real estate with respect to its ESG program. The Barwon Institutional Healthcare Property Fund is conscious of its carbon footprint, and is actively taking steps to reduce it, including but not limited to:

    • Being Australia’s only Greenstar rated Healthcare Real Estate Portfolio
    • Being a GRESB rated portfolio
    • Targeting 4+ Greenstar design building where possible
    • Adopting technologies across its operation to reduce emissions and drive efficiency

 

Social

The Barwon Institutional Healthcare Property Fund is uniquely positioned to enact meaningful social benefit from its investment activities.

The BIHPF has made significant commitments to a range of social initiatives, including building the only dedicated young adult mental health hospital in Canberra. With its partners, Barwon has invested extensively in mental health and cancer care facilities across Australia. We seek to identify investment opportunities that not only provide attractive returns for our investors but also provide tangible benefits for the local communities in which we invest.

Governance

Barwon seeks to engage with high quality stakeholders who have reputations in business and in the wider community founded on high ethical and moral standards. Barwon’s governance framework reflects our duty to act in our clients’ best interests at all times and in compliance with all relevant legal and regulatory requirements. Barwon maintains an ESG Committee which provides guidance to the Barwon investment verticals.

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