Announcing Centuria Healthcare
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, collectively worth c.$700 million* with a further $300 million in the pipeline.
Centuria Healthcare focuses on real estate assets that deliver cost-effective models of care, provided by reputable operators. It invests in day and short stay hospitals, medical centres, aged care residences and specialist offices and suites.
Andrew Hemming, Centuria Healthcare Managing Director, said, “We are known as a leading healthcare property fund with more than 40 years experience in managing assets throughout Australia. We are an institutional manager of healthcare real estate with properties in almost every state throughout the country.
“We are delighted to announce the new brand to our investors and the wider market as it signifies the evolution of our business. We are ready to take further advantage of market opportunities as the impacts of COVID-19 unwind.”
Throughout the COVID-19 period, the Centuria Healthcare assets continued to perform well with high occupancy rates and solid rent collections. The pandemic has highlighted the importance of this asset class and scope for further growth.
*As at 31 March 2020