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 $930 million Fund (GAV as at August 2021) is targeting healthcare or healthcare related properties such as hospitals, private specialist facilities, day surgeries & medical centres and ancillary healthcare assets.

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

Key features of Barwon Institutional 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 5.0-6.0%, paid quarterly
  • 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 December 2016
Investors Wholesale clients as defined under Section 761G of the Corporations Act
Minimum Investment $20 Million unless otherwise agreed
Investments Equity investments in properties in the healthcare sector located in Australia
Borrowing The Fund will borrow to fund acquisitions and capital expenditure to target Loan-to-value ratio (LVR) between 30-40%
Unit Pricing Monthly
Redemptions Redemption window offered in December 2026.
Redemptions outside window at Manager’s discretion
Distributions Quarterly in respect of the March, June, September and December quarters

Fund Properties

Somerset Specialist Centre
Somerset Specialist Centre
• A newly built, multi-disciplinary specialist health facility located adjacent to the Nepean Public Hospital, NSW
• NLA: 6,074 sqm
• Anchor Tenants: Cura Day Hospitals, Genesis Care and Q-Scan
• Purchase Date: July 2018
John James Hospital Campus
John James Hospital Campus
• A private hospital campus located in Deakin, ACT, comprised of a private hospital and medical services building
• NLA: 22,153 sqm
• Anchor Tenant: Cavalry
• Purchase Date: May 2018
Gosford Private Hospital
Gosford Private Hospital
• A newly renovated private hospital on the Central Coast of NSW
• NLA: 20,318 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: July 2019
Wollongong Day Surgery
Wollongong Day Surgery
• A newly renovated and expanded day surgery located in Wollongong’s (NSW) health precinct
• NLA: 3,196 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: May 2017
Beenleigh Medical Centre
Beenleigh Medical Centre
• A newly built, medical centre and allied health facility in Beenleigh, QLD
• NLA: 2,760 sqm
• Anchor Tenant: Sonic Healthcare
Tranmere Mental Health Facility
Tranmere Mental Health Facility
• A purpose-built community mental health facility located in Tranmere, SA
• NLA: 2,593 sqm
• Anchor Tenant: SA State Government
• Purchase Date: February 2019
South Coast Private
South Coast Private
• A private mental health hospital in Wollongong, NSW
• NLA: 7,540 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: May 2017
North Lakes Oncology Facility
North Lakes Oncology Facility
• A newly built cancer centre located in North Lakes, QLD
• NLA: 2,368 sqm
• Anchor Tenant: ICON, Qscan
• Purchase Date: July 2018
Clayton Clinical Laboratory
Clayton Clinical Laboratory
• A pathology laboratory in Clayton, VIC, servicing the tenant’s operations across entire state of Victoria
• NLA: 8,798 sqm
• Anchor Tenant: Australian Clinical Labs
• Purchase Date: January 2017
Shellharbour Private Hospital
Shellharbour Private Hospital
• A private hospital providing rehabilitation and surgical services located in Shellharbour, New South Wales.
• NLA: 5,000 sqm
• Anchor Tenant: Healthe Care
• Purchase Date: May 2017
Eastbrooke Health Hub Townsville
Eastbrooke Health Hub Townsville
• A medical centre and allied health facility in Townsville, QLD
• NLA: 6,162 sqm
• Anchor Tenant: Eastbrooke
• Purchase Date: January 2020
Mackay Specialist Facility
Mackay Specialist Facility
• A newly built, specialist medical centre located in the healthcare hub of Mackay, QLD
• NLA: 3,676 sqm
• Anchor Tenant: ICON
• Purchase Date: July 2018
South Pacific Private
South Pacific Private
• A fully renovated private mental hospital in Curl Curl, NSW
• NLA: 2,705 sqm
• Anchor Tenant: South Pacific Private
• Purchase Date: February 2019
Harvester Centre
Harvester Centre
• A community health centre located in Sunshine, VIC
• NLA: 4,413 sqm
• Anchor Tenant: Melbourne Health
• Purchase Date: December 2017
Heidelberg Pathology Laboratory
Heidelberg Pathology Laboratory
Heidelberg Pathology Laboratory
• A pathology laboratory in Heidelberg, VIC, servicing the tenant’s operations across entire state of Victoria
• NLA: 4,602 sqm
• Anchor Tenant: Healius
• Purchase Date: July 2017
Hillarys Plaza
Hillarys Plaza
• A newly built, medical centre and allied health facility in Hillarys, WA
• NLA: 3,282 sqm
• Anchor Tenant: Think Childcare
• Purchase Date: July 2018
ALIA House
ALIA House
• Office building located adjacent to the Calvary John James Hospital, an existing asset of the Fund. The facility is located in Deakin, ACT
• NLA: 1,562 sqm
• Anchor Tenant: Mental Health Australia
• Purchase Date: December 2020