Centuria Healthcare Property Fund (CHPF) has acquired a seven-asset portfolio worth about A$167m (€103m) in Australia.

The acquisition almost doubles CHPF’s total portfolio value to A$342m over 14 properties.

Andrew Hemming, Centuria Healthcare managing director, said: “Mental health hospitals, for both inpatients and outpatients, are a major growth area within the healthcare sector.

“Equally, dementia care operators that provide personalised, non-institutionalised homes are growing in demand.”

CHPF’s portfolio now has four distinctive sub-markets covering short-stay and day hospitals, specialist centres, medical centres and mental health properties.

“These hospitals align with CHPF’s investment strategy to acquire healthcare properties that utilise effective models of care within markets with strong demand,” said Hemming.

“The portfolio acquisitions are all institutional-grade healthcare properties underpinned by leases to a diversified range of leading healthcare operators – both private and public,” he said.

To read the digital edition of the latest IPE Real Assets magazine click here.

Topics