Barwon Healthcare Property Fund acquired two fully leased medical centres in Canberra, enhancing geographic diversification and presenting an attractive risk-adjusted return.

Target Information

In August 2021, the Barwon Healthcare Property Fund (BHPF) successfully acquired two fully leased medical centres located in Canberra, Australian Capital Territory (ACT). These properties collectively offer a Gross Leasable Area (GLA) of 3,151 square meters and feature an average Weighted Average Lease Expiry (WALE) of 8.3 years at the time of acquisition. The strategic location near local hospitals and major shopping centres enhances the attractiveness of these assets, particularly as one of the properties is situated on a large site, allowing for potential future expansion.

Industry Overview in the ACT

The healthcare property market in the Australian Capital Territory is characterized by steady growth driven by the increasing demand for healthcare services. As the capital city, Canberra exhibits robust population growth, which is further amplified by its role as a political and administrative hub. This results in a consistent influx of residents and an escalating need for healthcare facilities.

Furthermore, the ACT government has been investing in healthcare infrastructure, leading to an expansion of services offered in the regio