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.
The transactions include the modern, three-level $23 million Coffs Harbour Specialist Centre (NSW), the $21.6 million Cairns Day Surgery (QLD) and the $12.7 million Murrumba Village Medical Centre (QLD).
Centuria Healthcare continues to look at the roll out of solar panel installations at a number of properties in the portfolio, and we will be looking to expand this throughout 2021. Other environmental initiatives are being implemented including water harvesting through the installation of tanks to deliver water savings for irrigation of gardens. A further review of energy and water consumption is also being undertaken,
Today, 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. The rebrand marks a significant milestone in the business’ evolution. Centuria Healthcare has grown its portfolio to 50 assets under management,
In June, Centuria’s healthcare and development teams delivered a dementia care residence in Wahroonga, run by the trusted Group Homes Australia. This innovative five-bedroom, sprawling house redefines the concept of aged living. Residents are living independently in a typical suburban setting, with an onsite ‘home-maker’ who’s able to assist with any needs. This real estate product enables seniors to live with dignity while keeping up lifestyle activities such as gardening,
Almost 50 years ago the investment sector witnessed the floating of Australia’s first real estate investment trust (REIT), shining a spotlight on commercial property’s ability to generate returns for individuals as well as institutions. While office and industrial assets continue to hold the limelight, emerging from the shadows is the overlooked, soon-to-be belle of the ball – healthcare property.
In May 2019, Centuria announced the acquisition of a 63% economic interest in Heathley Limited and its property funds management platform, Heathley Asset Management Limited. Heathley Limited was subsequently renamed to Centuria Healthcare. The transaction introduces a new asset class to Centuria’s expanding real estate platform and fully aligns it to the healthcare property sector though a preferred and specialised property funds manager.
In May 2019, Centuria announced the acquisition of a 63.06% economic interest in Heathley Limited and its property funds management platform, Heathley Asset Management Limited. Heathley Limited was subsequently renamed to Centuria Healthcare. The transaction introduces a new asset class to Centuria’s expanding real estate platform and fully aligns it to the healthcare property sector though a preferred and specialised property funds manager.
A Specialist Healthcare Funds Management Vehicle Centuria has entered the strongly performing healthcare real estate sector with its wholly-owned subsidiary, Centuria Platform Investments Pty Ltd, acquiring a 63.06% economic interest in Heathley Limited’s (Heathley) property funds management platform for $24.4 million. The transaction has been funded from Centuria Capital Group’s balance sheet. On completion of the transaction,
Centuria Healthcare has partnered with renewable energy operator Solar Bay to deploy solar energy across its healthcare property portfolio. Conscious of the responsibility of property owners to improve their green footprint, along with the effect of rising electricity prices for its clients, Centuria Healthcare has: Partnered with Solar Bay Solar Bay is a disruptor in the energy industry that invests in a range of technologies that transform the way businesses consume electricity.
Hall and Prior and Centuria Healthcare launch property partnership with acquisition of Tuohy Nursing Home
Centuria Healthcare Aged Care Property Fund No. 1 (CHACPF1) has recently acquired the 49-bed Tuohy Nursing Home in Midland, Perth and six surrounding properties. Centuria Healthcare has partnered with Hall and Prior to collectively fund the redevelopment of the property into a new ~120-bed residential aged care facility. In an asset class that is difficult to penetrate,
We are excited to announce that the Yarrabilba Health Hub development has been acquired by the Centuria Healthcare Direct Medical Fund No. 2, a new medical property which has all the right attributes. The acquisition of the Yarrabilba Health Hub: Aligns with Centuria Healthcare’s goal to invest into integrated healthcare properties (i.e. service offerings across the healthcare spectrum);