Healthcare

A partnership between Heathley Asset Management and inter­national property company Grosvenor Group has sealed its first deal, buying the Westside Private Hospital in Brisbane for $61.7 million.

International property groups are positioning to take stakes in the $2.5 billion Healthscope real estate empire with Canada’s NorthWest Healthcare Properties raising funds to back its purchase and investors tipping New Zealand’s Vital Healthcare Property Trust may follow suit if it can make a deal stack up.

A red hot sale of a Country Fire Authority office in Lilydale has been sealed, with the building snapped up by a health organisation.

Robots and gardens have helped a regional hospital to beat luxury apartments and high-end shopping plazas to be named Victoria’s Development of the Year.

A flourishing healthcare property fund has added three medical centres worth $22 million to its portfolio. 

Australia’s largest Catholic hospital operator, St John of God Health Care, has short-listed at least two medical real estate groups interested in buying its $400 million portfolio in the two-stage sale and leaseback and funding deal it kicked off in May. This article originally appeared on theaustralian.com.au/property.

Developers are expected to circle Adelaide’s Wakefield Hospital and Clinic, with the private CBD facility on the market with a big price tag.

Vacancy levels in the Brisbane CBD are predicted to peak at 19% this year, but industry commentators are confident growing demand from the health care and IT industries will counteract any further rise.

What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.