Northwest Australia and New Zealand invests exclusively in healthcare property and is the largest healthcare real estate owner, manager and developer (for long term ownership) in the region.

Funds Management

Northwest Australia currently owns and manages ~A$5.9 billion of healthcare assets in Australia and New Zealand. These assets are held in one of three structures being:

  1. A wholesale fund with ~A$3.0 billion currently invested (and a further A$2.5 billion available) which is a joint venture with a large global sovereign wealth fund
  2. A ~A$3.0 billion New Zealand listed fund (which has ~62.5% of its assets in Australia and ~37.5% in New Zealand)
  3. Northwest Australia’s own balance sheet in the region
  • Ascot Hospital, NZ
    Ascot Hospital, NZ
  • Norwest Private Hospital, Sydney NSW
    Norwest Private Hospital, Sydney NSW
  • The Melbourne Clinic, VIC
    The Melbourne Clinic, VIC

Asset Management

Northwest Australia has 65 properties and ~270 tenants across Australia and New Zealand.

Many of the properties are tenanted to the region’s top operators including Healthscope, Epworth Healthcare, St John of God Healthcare, Ramsay Healthcare, and GenesisCare to name a few.

The asset management team of 15 people provides specialist property and facilities management and leasing services across the various portfolios.

Development and Precincts

Northwest’s Australian and New Zealand development pipeline is currently ~A$3.0 billion, with 10 committed projects all of which are under construction.

With a team of 10 industry experts with many decades of healthcare-specific project delivery expertise, the development team delivers enhanced healthcare services to many Australian and New Zealand communities.

Watch the artist’s impression video of the ~A$165m Playford Health Hub in Adelaide here.

  • Playford Health Hub, Adelaide SA
    Playford Health Hub, Adelaide SA
  • Innovation, Education and Healthcare precinct, Geelong VIC
    Innovation, Education and Healthcare precinct, Geelong VIC
  • Wakefield Private Hospital, NZ
    Wakefield Private Hospital, NZ


Realising the possibilities where healthcare and sustainability meet.

Bringing sustainability into the core of our business helps all of our tenants, employees, and partners reach their goals and enhances the delivery of healthcare and research across the world.

Download the 2023 Sustainability Report

Download the 2022 Sustainability Report

Download the 2021 Sustainability Report