Medical Properties Targets 6% Yield
Moelis Australia will be the top tennant in the proposed Healthley Healthcare REIT.
It was reported last week that the soon-to-be-listed hospital and day surgeries owner Heathley Healthcare Real Estate Investment Trust is coming to market to raise about $250 million, implying about a 6% yield. Heathley will use the funds to continue its acquisition and expansion of its portfolio of medical properties throughout Australia.
Heathley REIT will own 42 properties including day hospitals and specialist centres, medical centres, residential aged care facilities, medical offices and private hospitals, worth $528.4 million as at September 1.
Its top tenant is Moelis Australia-backed aged care operator Infinite Care, ahead of ASX-listed Primary Health Care and Sonic Healthcare, Queensland Health and Mater.
Institutional money have flocked to Australia’s medical properties space in recent years as the sector looks set to continue its strong expansion. At the same time, it opens up opportunities for small to medium businesses in the sector.
By Lee Xie (Senior Project Manager)
We’d love to hear your opinion and continue the discussion. Please contact lee@firstchoicebb.com.au or 0405 459 528 to discuss.
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DISCLAIMER – Any financial information within this email has been compiled by First Choice Business Brokers to provide broad general information about business opportunities and the state of the market. First Choice Business Brokers makes no representations or warranties in relation to the financial information in this email. For purchasers looking to buy, we strongly recommend that you carry out your own investigation or consult a qualified accountant before making a purchase.
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