The Centuria Heathley Medical Development Fund No. 1 is an unlisted medical property development fund. The Fund aims to provide development returns to Investors through the acquisition of a 40% interest in two adjoining sites and the development of two multi-storey, multi-disciplined medical properties.


Single Asset Property Development Fund
Closed for Investment
Fund Commenced
April 2017
Fund Term
26 months
TypeSingle Asset Property Development Fund
StatusClosed for Investment
Fund CommencedApril 2017
Fund Term26 months

Fund Objectives

The Fund’s Investment Strategy is to achieve superior risk adjusted returns for Investors by participating in a medical property development jointly with an experienced developer, Pikos Group (and associates). The Project’s strategy will be to reduce development risk by obtaining full development planning approval for a substantial medical property development and agreements for lease over the majority of the net lettable floor area before securing a Fund through Buyer to acquire (at a minimum) the Fund’s 40% interest in the approved and preleased Project. The Fund-through Buyer will then fund the majority of the Project through to practical completion, realising development profit for the Fund.

Fund Summary

Property Portfolio

52 Annerley Road, Woolloongabba Queensland

64 Annerley Road, Woolloongabba Queensland

More Information

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