Healthcare Property Funds

Centuria Healthcare* is a specialist fund manager in the healthcare property sector providing unlisted healthcare property investments to individual, wholesale and institutional investors.

We develop funds that drive attractive, consistent and reliable income returns for our investors, along with the potential for capital growth. On a historical basis, the healthcare property sector has delivered strong returns and experienced relatively low volatility when compared to other real estate asset classes**. These trends have been driven by:

  • Stable revenue streams (backed by government funding) allows tenants to commit to longer term leases, creating greater revenue stability
  • Non-discretionary nature of healthcare expenditure limits exposure to economic downturns.

Centuria Healthcare’s point of difference

A market leading healthcare property fund manager with over 40 years’ experience managing money for all investor types. We have a differentiated healthcare property portfolio centred around cost effective models of care, with a focus on medical centres, specialist facilities/day hospitals and residential aged care. The Centuria Healthcare team has a depth of knowledge and resources in this niche universe of property investing, enabling the sourcing and identification of exciting new investment opportunities in the healthcare landscape.

Centuria Healthcare is a preferred property partner for healthcare tenants and operators. We invest in and manages a range of healthcare property types focusing on innovative models of care that reduce cost in the sector, including medical centres, specialist facilities, private hospitals and residential aged care facilities. Centuria Healthcare transacts across the full property cycle including property development and can assist operators to unlock value and achieve growth milestones.

Contact us

If you would like more information about Centuria Healthcare, please email us at

1. Centuria Healthcare AUM, assets and mandates and unlisted fixed term funds as at 31 December 2022. Valuation on an as-if complete basis. Includes current contracted assets.

Member of Day Hospitals Australia
*In July 2020, Centuria Heathley Pty Limited was renamed Centuria Healthcare Pty Limited and Centuria Heathley Asset Management Limited was renamed Centuria Healthcare Asset Management Limited.
In May 2019, Centuria Capital Group acquired a 63% economic interest in Heathley Limited, and its property funds management platform. Heathley Limited was subsequently renamed to Centuria Healthcare Pty Limited. The transaction introduces a new asset class to Centuria’s expanding real estate platform and fully aligns it to the healthcare property sector through a preferred and specialised property funds manager.

** Past performance is not an indication of future performance.

Centuria Healthcare Asset Management Limited (ACN 003 976 672, AFSL 246368), Centuria Property Funds No.2 Limited (ACN 133 363 185, AFSL 340 304) and Centuria Property Fund Limited (ACN 086 553 639, AFSL 231 149) are the managers and responsible entities of the healthcare property funds. Centuria Healthcare Asset Management Limited is a wholly owned subsidiary of Centuria Healthcare Pty Limited (ACN 001 477 505) and Centuria Property Funds No.2 Limited and Centuria Property Funds Limited are wholly owned subsidiaries of Centuria Capital Group (ASX:CNI).

Latest Centuria Healthcare News


$75m no gap private hospital groundbreaking

Construction of Adeney Private Hospital, which will be operated by a doctor-led joint venture with Medibank, is underway with developer Centuria Capital Group breaking ground on the $75 million, four storey building today.


Centuria donates $162,000 worth of hospital equipment

Centuria Healthcare has upcycled hospital equipment worth more than $162,000 to benefit local Victorian and international not-for-profit organisations while avoiding 18 truckloads of landfill.


Centuria expands institutional healthcare & retail portfolios

Centuria Capital Group (ASX: CNI), has secured $223 million worth of healthcare and daily needs retail assets on behalf of existing institutional partnerships.


Centuria Healthcare commits to $115m of acquisitions

Centuria Healthcare Property Fund (CHPF) has secured more than $115 million worth of healthcare real estate. Three assets are currently under construction and capitalise on bespoke, operator-led fitouts, which attract strong tenant covenants and long lease terms. The fourth asset is an $11.3 million medical centre with a recently executed five year lease extension.


Centuria forms healthcare JV with Morgan Stanley Real Estate

Centuria Capital Group has established a new institutional healthcare partnership through a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing, to be called the Centuria Prime Partnership.


Groundbreaking new short-stay hospital – Townsville

Construction has started on the $60 million Weststate Private Hospital, North Queensland’s newest private hospital.


Centuria secures $466m+ of healthcare properties across Australia and New Zealand

Centuria has rounded off the year with a raft of healthcare real estate acquisitions across both sides of the Tasman, totalling, c.$466 million throughout the past two months.


Healthcare infrastructure explained

Centuria Healthcare Managing Director, Andrew Hemming, joined CBRE’s Marcello Caspani-Muto to discuss the metrics behind viable healthcare real estate investment. This short, 15-minute podcast covers key topics.


New $17m Murdoch Hospital oncology facility steps closer to opening

Construction of the new $17 million oncology facility at St John of God Murdoch Hospital has received practical completion and the keys to the new cancer treatment centre have been handed over to leading integrated oncology provider GenesisCare, in preparation for its opening in December 2021.


Centuria Healthcare’s new oncology facility receives WA’s first MR-Linac

Centuria Healthcare has celebrated a milestone in the development of its new oncology facility in Murdoch, Perth, with the delivery of Western Australia’s first MR-Linac.


Centuria Healthcare to Build a $64m Hospital for doctor-led JV with Medibank

Centuria Healthcare has entered into a partnership with a specialist doctor-led JV entity to deliver a new, $64m short-stay private hospital in Kew, Melbourne.


Announcing Centuria Healthcare

Centuria Healthcare has launched as the new brand for all healthcare real estate owned by the previously known Centuria Heathley brand. In 2019, Centuria Capital secured a 63% interest in Heathley Limited, joining the companies together.

You are now leaving Centuria Australia
and entering Centuria New Zealand.