The Centuria Heathley Direct Medical Fund No. 2 aims to acquire a diversified portfolio of specific medical properties located throughout Australia, with a target total acquisition value of approximately $300 million.
The fund will acquire a mix of strategically located, high quality medical assets with a focus on newly developed properties. It will also participate in the development of new medical properties (greenfield or brownfield sites).
The key investment attributes of the fund include:
The Fund is focused on properties which deliver cost effective models of care. Demand for these types of healthcare services is expected to grow, increasing the demand for healthcare properties
The Fund is diversified by tenant, geography (with properties located in three Australian states) and property type; day hospitals and specialist centres, medical centres and medical offices
The Fund delivers a stable, secure income stream supported by high occupancy and long leases to quality healthcare tenants, and provides access to risk-mitigated development opportunities