Centuria\u2019s unlisted healthcare fund has sold two healthcare ventures to Real Asset Management (RAM) for roughly $16 million.<\/p>\n\n\n\n
Following an expression of interest campaign for the portfolio conducted by CBRE\u2019s Sandro Peluso, Derek Barlow, Marcello Caspani-Muto, and Jimmy Tat, RAM bought tenanted properties in Secret Harbour, Western Australia, and Mildura, Victoria.<\/p>\n\n\n\n
Both properties have 1608-square-meter structures on 951-square-meter grounds, with equivalent weighted average lease expiry periods of more than six years.<\/p>\n\n\n\n
Care Medical Group, Oasis Pharmacy, and Complete Range Physiotherapy occupy 2 Clarkshill Road in Secret Harbour, while Tristar Medical Group and Mildura Optical are tenanted at 87-89 Langtree Avenue in Mildura.<\/p>\n\n\n\n
\u201cOur team has seen a shift in investor appetite, in WA and across the country, for healthcare investments,\u201d Mr Barlow said.<\/p>\n\n\n\n
\u201cTraditional \u2018core\u2019 investors are increasingly looking to diversify their holdings with the acquisition of one or multiple properties within the space. This demand can also be seen with a number of recent and forthcoming floats for A-REITs starting highly-specialised funds within the healthcare space.\u201d<\/p>\n\n\n\n
Secret Harbour is around 60 kilometres south of Perth, whereas Mildura is a rising regional city in northwest Victoria on the banks of the Murray River.<\/p>\n\n\n\n
\u201cThese acquisitions are highly-strategic, with both properties anchored by leading local healthcare providers who have good reputations within their communities, which are relatively remote by metropolitan standards,\u201d Mr Caspani-Muto said.<\/p>\n\n\n\n
\u201cThe events of the past 18 months have acted as a catalyst for investor and developer interest towards the healthcare sector, with the phrase \u2018recession proof\u2019 proving incredibly accurate given the strength, unwavering operational activity and multiple market-defying transactions in the space.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Centuria\u2019s unlisted healthcare fund has sold two health […]<\/p>\n","protected":false},"author":1,"featured_media":29791,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"post-type":[],"class_list":["post-28620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-media-zh-hans"],"acf":[],"yoast_head":"\n