*For Institutional Clients Only  

Healthcare & Life Sciences Fund is an unlisted Real Estate Fund focussed on investing in healthcare property in the Asia Pacific region. The fund will be seeded with an A$1.3bn portfolio of high quality metropolitan private hospital assets located in Australia’s major capital cities (80% Sydney and Melbourne) and gain exposure to a significant A$1.3bn+ pipeline of hospital and life sciences development opportunities. The platform will target 12%+ IRR.

Target large–scale hospital and life sciences property investments delivering attractive total returns

Target fund size
A$1.3 billion+

Target Fund Size

target
12% levered IRR

Target Return

development pipeline
A$1 billion+

Development pipeline

market
A$187 billion+

Total addressable market in Australia alone

Fund Strategy

The Fund targets infrastructure-like healthcare assets (large-scale hospitals and life sciences precincts) with upside via accretive brownfield re-investment opportunities and complimentary greenfield development exposure.

Seed Hospital Portfolio
  • Metro portfolio of 7 private hospitals
  • 100% leased to national operator Healthscope on long-term leases
  • Absolute triple net leases with CPI-linked escalations
  • A$300m+ brownfield development pipeline with yield on cost >6%
Greenfield Development Opportunity
  • Opportunities located in high-growth metropolitan locations
  • Platform investors able to participate in developments targeting value-add returns
Platform for long-term growth
  • Healthcare property sector growth underpinned by secular megatrends
  • Highly scalable sector with A$187bn+ addressable market opportunity in Australia
  • Growing demand for alternative asset classes which provide non-correlated returns vs. traditional property assets

Key Portfolio Metrics

Portfolio value

$1.3bn

WALE

16 years

Occupancy

100%

Total portfolio

7
assets
Portfolio value: $944m
Tenant: Healthscope (2nd largest Private Hospital operator in Australia)
2
properties
Victoria
1
property
Queensland
3
properties
New South Wales
1
property
Western Australia

The Team

Management Team

Nicholas McKeith

Nicholas McKeith

UHF Fund Manager

Scott Muir

Scott Muir

Financial Controller

Jourdon Whitfield-Horesh

Jourdon Whitfield-Horesh

Senior Associate

Amany Cummins

Amany Cummins

Financial Analyst

Our Commitment

As an owner, developer and manager of long duration assets we are committed to sustainable practices that drive long term value creation and achieve a positive impact on the communities in which we operate.

Find out more about our commitment to sustainability

Enquiries

Contact us for more information on the fund or how to invest: