Healthcare trust gets another checkup

AUSTRALIAN UNITY's Healthcare Property Trust has bought strata lots in a medical centre and day hospital in Ipswich, Queensland for $12 million.

The property is located directly opposite the Ipswich Base Hospital at 10 Churchill Street and is tenanted by Medicross Medical Centre, Medicross Pharmacy, Tri Rhosen Day Hospital, Mission Australia, Queensland Diagnostic Imaging, and several specialist medical businesses including a physiotherapy practice.

This is the first acquisition for the trust since it recently re-opened for the first time in over two years after making several acquisitions in the last 12 months.

The purchase of the Ipswich centre brings the total value of the acquisitions in the last buying tramadol cod year to over $90 million.

AUI’s head of property Martin Hession said that the addition of the Ipswich property further strengthens the geographical diversification of the trust as well as improving potential returns for investors.

“The healthcare industry has grown significantly in recent years and, thanks to trends such as an ageing population and major medical advances, we are seeing a number of acquisition opportunities come onto the market.

“Our focus remains on finding properties that meet our investment criteria of providing consistent returns with development potential that can add value to investors’ portfolios,” Hession said.

Australian Property Journal