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.
Northwest Australia currently owns and manages ~A$6.0 billion of healthcare assets in Australia and New Zealand. These assets are held in one of three structures being:
- A wholesale fund with ~A$3.1 billion currently invested (and a further A$2.5 billion available) which is a joint venture with a large global sovereign wealth fund
- A ~A$3.1 billion New Zealand listed fund (which has ~65% of its assets in Australia and ~35% in New Zealand)
- Northwest Australia’s own balance sheet in the region
Northwest Australia has 69 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$3.1 billion, with 12 committed projects of which 11 are under construction.
With a team of 9 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.
Realising the possibilities where healthcare and sustainability meet.