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 SUMMARY
To Register Interest – Contact Us

Fund Properties

Clinical Labs Adelaide Airport
Clinical Labs Adelaide Airport
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

Melton Medical & Dental Centre
Melton Medical & Dental Centre
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

Hervey Bay Oncology Centre
Hervey Bay Oncology Centre
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

Woodville Mental Health Facility
Woodville Mental Health Facility
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

Our Medical Home Williams Landing
Our Medical Home Williams Landing
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

Eastbrooke Medical Centre, Carlton
Eastbrooke Medical Centre, Carlton
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

Queen Street Village Medical Centre
Queen Street Village Medical Centre
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

Belmont Medical Centre
Belmont Medical Centre
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

Croydon Family Practice
Croydon Family Practice
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

Newmarket Medical Centre
Newmarket Medical Centre
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

Logan Mental Health Facility
Logan Mental Health Facility
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

Modbury Secondary Care Facility
Modbury Secondary Care Facility
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

Bendigo Medical Centre
Bendigo Medical Centre
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

Hallet Cove Allied Care Facility
Hallet Cove Allied Care Facility
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

Munno Para Diagnostic Imaging Clinic
Munno Para Diagnostic Imaging Clinic
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

Parkside Medical Centre
Parkside Medical Centre
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

Vasse Medical Centre
Vasse Medical Centre
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

Wollongong Medical Centre
Wollongong Medical Centre
A purpose built diagnostic imaging and occupational health facility. The facility is fully leased to Sonic Healthcare Ltd.

Purchase Date: July 2018

Eastbrooke Medical Centre Niddrie
Eastbrooke Medical Centre Niddrie
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

Eastbrooke Medical Centre Mackay
Eastbrooke Medical Centre Mackay
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

Klemzig Medical Centre
Klemzig Medical Centre
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

Springfield Medical and Dental Centre
Springfield Medical and Dental Centre
A purpose built medical and dental centre fully leased on a long term arrangement to Primary Healthcare Ltd (ASX:PHC).

Purchase Date: July 2018

Westwood Medical Centre
Westwood Medical Centre
Established, near-new suburban medical centre, predominantly leased to SA Health on a long term basis. Adelaide, SA.

Purchase Date: February 2019

Hobsons Bay Endoscopy Centre Werribee
Hobsons Bay Endoscopy Centre Werribee
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

Hobsons Bay Endoscopy Centre Sydenham
Hobsons Bay Endoscopy Centre Sydenham
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

Victorian Gut Centre
Victorian Gut Centre
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