Fund Overview
The Barwon Healthcare Property Fund, launched in October 2014, is an open-ended fund for wholesale investors seeking returns from properties in the healthcare sector located in Australia.
The Fund provides exposure to a portfolio of healthcare properties such as hospitals, private specialist facilities, day surgeries, public health facilities, diagnostic and laboratory facilities.
The healthcare sector has demonstrated stable returns relative to other property sectors, even during the depressed economic period of the GFC and has outperformed other property sectors with lower risk and higher returns over the 13 years to December 2019.
Key features of Barwon Healthcare Property Fund
Industry Demand Drivers - Australia’s growing and aging population driving strong demand for healthcare services
- Advances in care procedures and technology driving demand for new and specialised care facilities
- Govt funding helps underwrite growth and tenant credit quality
Attractive Yield - Properties typically offer long WALE with CPI+ reviews: inflation-hedged income streams
- Yields 5.5-7.0%
Favourable Risk Profile - WALEs typically 5+ years with fixed rental growth
- High credit quality of tenants
- Patients loyal to support facilities/personnel they know
- Low levels of speculative development in sector
Returns - Healthcare property has delivered one of the best total returns of all property asset classes with relatively low volatility
- Low correlation with other property sectors
Fund Facts
| Fund Type | Unlisted, unregistered, open-ended unit trust |
| Inception | September 2014 |
| Investors | Wholesale clients as defined under Section 761G of the Corporations Act |
| Investments | Equity investments in properties in the healthcare sector located in Australia |
| Borrowing | The Fund will borrow to fund acquisitions and capital expenditure. Target LVR of <45% |
| Unit Pricing | Monthly |
| Redemptions | Redemption window offered every 5 years. Investors can redeem some or all of their units. Fund must satisfy all redemption requests within a 2 year window or terminate |
| Distributions | Quarterly |
| Fund Opening | The Fund opens periodically for investors when new property investments are secured. If you care to register your interest for investment, please contact us |
| APIR Code | BAR5403AU |
Further Information
Fund Properties
A newly constructed, purpose-built pathology laboratory in Adelaide South Australia. The facility is wholly leased to Clinical Labs on a 15-year lease term.
Purchase Date: November 2018
A purpose build, modern medical centre in Melton, Victoria. The facility is let on a long term lease to Primary Health Care Limited.
Purchase Date: June 2018
Recently-constructed 560 sq.m specialist radiation oncology facility fully leased to Genesis Care, Australia’s largest provider of radiation oncology, cardiology and sleep treatments. 10-year WALE. Hervey Bay, Queensland
Purchase Date: January 2019
A purpose community mental health facility leased on a long term arrangement to the State Government of South Australia (SA Health).
Purchase Date: August 2018
A newly constructed medical centre in Melbourne’s south west suburb of Williams Landing. The facility is let on a long-term lease arrangement to Cornerstone Health.
Purchase Date: July 2019
A purpose build modern medical centre in Carlton, New South Wales. The facility is let on a long term lease to Eastbrooke Medical Centres.
Purchase Date: January 2018
Structured by way of fund-through purchase, the medical centre within the Queen Street Village precinct is located in Gold Coast suburb of Southport, QLD. The medical centre is anchored by a long-term lease to Queensland X-Ray in addition to a general practice and ancillary healthcare tenants.
Purchase Date: January 2020
A purpose built modern medical centre in Belmont, Victoria. The facility is multi-let to primary and allied care providers and anchored by Eastbrooke Medical Centres.
Purchase Date: October 2014
A purpose built modern medical centre in Croydon, Victoria. The facility is let on a long term lease to Fullerton Health.
Purchase Date: October 2015
A purpose built modern medical centre located 4.5 km from Brisbane CBD. The facility is multi-let to primary and allied care providers and anchored by the Newmarket 7 Day Medical Centre.
Purchase Date: January 2016
A modern, State Government Mental Health and Addiction Services facility in Logan, Queensland. The facility is leased on a long term lease to Queensland Health and maintains a 5 star NABERS rating.
Purchase Date: July 2016
A modern, purpose built diagnostic imaging and optical clinic in Modbury, Victoria. The facility is let on a long term lease arrangements to Dr Jones and Partners and Health Partners.
Purchase Date: December 2016
A modern, purpose built medical centre in Bendigo, Victoria. The facility is let on a long term lease arrangement and is anchored by IPN Medical Centres (a wholly owned subsidiary of Sonic Healthcare Ltd).
Purchase Date: January 2017
Allied care facility located in the southern Adelaide suburb of Hallet Cove in an established medical and retail area. Long term leases to National Pharmacies and Hear Clear.
Purchase Date: March 2017
Standalone diagnostic imaging clinic. Long term 10 year leases to Benson Radiology and Snap Fitness. This facility is located in the northern Adelaide suburb of Munno Para in an established medical and retail area.
Purchase Date: May 2017
A purpose built medical centre in Adelaide, South Australia. The facility is fully let to the Arkaba Medical Centre, Sound Radiology and SA Health.
Purchase Date: September 2017
A modern, purpose built medical centre in Vasse, Western Australia. The facility is fully let and is anchored by Care Medical Group on long term lease arrangements.
Purchase Date: December 2017
A purpose built diagnostic imaging and occupational health facility. The facility is fully leased to Sonic Healthcare Ltd.
Purchase Date: July 2018
A purpose built modern medical centre in Melbourne’s north west suburb of Niddrie. It is wholly let to Eastbrooke Medical Centres on a 10-year lease.
Purchase Date: July 2019
A purpose built modern medical centre in Mackay, QLD. It is wholly let to Eastbrooke Medical Centres on a 10-year lease.
Purchase Date: July 2019
A modern medical centre in Klemzig, Victoria. The facility is let on a long term lease to IPN Medical Centres, a wholly owned subsidiary of Sonic Healthcare Ltd.
Purchase Date: December 2016
A purpose built medical and dental centre fully leased on a long term arrangement to Primary Healthcare Ltd (ASX:PHC).
Purchase Date: July 2018
Established, near-new suburban medical centre, predominantly leased to SA Health on a long term basis. Adelaide, SA.
Purchase Date: February 2019
A purpose-built, modern day hospital in the Melbourne suburb of Werribee, VIC. It is fully let on long-term leases to Healthe Care subsidiary Hobsons Healthcare and Healius.
Purchase Date: December 2019
A purpose-built, modern day hospital in the Melbourne suburb of Sydenham, VIC. It is fully let on long-term leases to Healthe Care subsidiary Hobsons Healthcare and Sonic Healthcare.
Purchase Date: December 2019
A purpose-built, modern day hospital in the Melbourne suburb of Bundoora, VIC. It is fully let on long-term leases to GastroNorth and Australian Clinical Labs.
Purchase Date: December 2019