Outperforming office, retail and industrial investment assets in 2017, the healthcare sector has gone from strength to strength with CBRE recently transacting a super medical clinic for $9.3 million.
Located within one of Melbourne’s fastest growing suburb, 1-11 Dunnings Road, Point Cook saw record levels of enquiry selling on a yield of 4.89% to a buyer from Hong Kong. A corner landholding of 5,332sqm, the centre features 80 at-grade car spaces and is permit approved for 25 medical practitioners.
Mr Wong said the tailored data base, strong buyer relationships and ongoing education about the asset class allowed for optimal asset engagement from private local and international investors to REITS.
“The record number of enquiries proved that underpinning factors of a medical investment asset such as high-quality tenants, demand for services, and the sector’s resistance to digitalisation will continue to drive investor demand into 2018,” Mr Wong said.
“Healthcare assets are expected to remain highly desirable for buyers due to the aforementioned regulatory factors, coupled with limited investment opportunities for private hospitals and the ageing population of our country.”
Josh Twelftree added; “A lack of current investment stock atop many of the appealing demographic factors supporting healthcare investment made this an appealing asset. Moving into 2018 we expect significant demand for healthcare assets to remain, particularly for those sites underpinned by strong land values.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.