Logan Mental Health Facility Acquisition and FY Performance
On July 27th 2016, Barwon Investment Partners secured its 6th healthcare property asset for the Barwon Healthcare Property Fund (the “Fund”). This recent acquisition is a 3,172 square metre Mental Health Facility in Logan and provides mental health and addiction services to the growing population of the southern Brisbane area. The facility is fully leased to Queensland Health. The deal was brokered by Simon Quinn of JLL Health on an off-market basis.
The recent acquisition of two Diagnostic Imagining Clinics and the Logan Mental Health Facility brings the total assets under management for the Fund to $49.6 million. “Support for the Fund continues to be strong”says Rob Morrison “with investors attracted to a sector which offers exposure to the growing demand for healthcare infrastructure, and returns from property yields that are both relatively defensive and stable.”
Barwon’s investment team continues due diligence on a pipeline of high quality healthcare property assets and once further assets are approved for purchase the Fund will re-open to investors. Launched in October 2014, the annualised return for the Fund since inception is 10.8%.
The Fund is available to wholesale investors only.