Barwon Investment Partners has swooped on four properties, worth $45 million in total, in Queensland and Western Australia, as it steadily expands its unlisted Barwon Healthcare Property Fund.
Among the assets acquired for the Barwon-run fund are an eye surgery at Spring Hill in Brisbane. The property is in St Andrew’s Place, one of Brisbane’s best-known healthcare precincts. In the same precinct, Barwon has also bought a 143-bay car park leased to Secure Parking for $23.7 million. At Butler, an outer suburb of Perth, the unlisted Barwon fund has bought a community mental health facility on Exmouth Drive for $7.2 million. The property is fully leased to WA Health and has more than 12 years left on the lease.The fund has returned 10.3 per cent annually since it was founded in 2014. Barwon’s head of healthcare property and a partner, Tom Patrick, said healthcare has been
stable income yield through long duration leases, located in high quality defensive geographies,” Mr Patrick said.
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