Invest in modern medical assets with blue-chip tenants
per annum*
Target annual distribution paid monthly
IRR*
Target internal rate of return
years
Target timeframe for the Fund
*Target returns are not promised nor guaranteed and are based upon a number of assumptions. Their achievement is subject to risks. Please refer to the IM for more information, noting the section on financial information and risks.
Key Information on the Fund
- The Fund has acquired five medical centres in Croydon and Bendigo in Victoria, Greenfields in Western Australia, Clayfield in Brisbane, and Hyde Park, Townsville in Queensland
- Countercyclical exposure to the medical sector, targeting both income and capital growth over the medium term
- The Fund is seeking to acquire up to 8 assets across Australia totalling approximately $100 million
- Five-year fund targeting a 12%+ IRR* what’s this?
- Target income distributions of 7%* paid monthly
Asset Summary
Investment Highlights
Positioned to benefit from rising demand in the healthcare sector, the Westbridge Medical Property Fund provides exposure to quality medical assets, anchored by reputable tenants and a broad range of healthcare services including allied health, pharmacies and consultants.
The Fund will be focused on acquiring medical assets with the following characteristics
- Modern facilities: The Fund is focused on acquiring modern medical centres in strategic locations where the tenants are well-integrated into the facility and/or have an established history of long-term occupancy
- Blue-chip tenants: Properties tenanted by blue-chip tenants and complementary users such as allied health professionals, pharmacies and consultants from national or reputable operators focused on everyday clinical services
- Focused on quality and stability: Assets will be strategically located, hard to replace and anchored by established clinical service providers. Properties will feature strong leasing fundamentals, with over 50% of lettable area occupied by medical-related tenants
- Attractive Market Entry Point: Despite the medical sector’s typical resilience during periods of market downturn, the current transactional market is trading above the long-term average yield of 6.00% (source: JLL). The purchase yields reflect a weighted average of 7.1%, which is approximately 100 basis points softer than the long-term average. This presents an attractive entry point in the cycle, and the potential to achieve capital growth as the market normalises to historical transactional volumes and pricing.
- The Fund is not targeting sectors such as overnight private hospitals, aged care/nursing or older style medical practices
Why Medical sector?
- Healthcare tenants are typically more resilient during economic cycles and offer more stable cashflow compared to other core property sectors
- Significant barriers to entry remain for the supply of new medical centres
- Opportunistic timing strategy providing an attractive entry point in the cycle prior to reemergence of institutional capital
- The healthcare sector has traditionally been able to withstand cyclical downturns better than the core sectors such as office
- The fund is targeting properties at or near replacement cost or where facilities are difficult to replicate
- Strong demand drivers supporting operators/tenants. These strong demand fundamentals are driven by aging population, increased chronic care needs, supply shortages and policy support
- Construction costs, particularly for specialised facilities, are still high
- Well-located and appropriately zoned land is both scarce and expensive
Portfolio Overview
Multi-Asset Fund
Minimum Investment: $100,000
Eligibility: Wholesale Investors
Townsville, Queensland
• Prime, quality medical accommodation
• Fully leased with robust WALE for secure income stream
• Opportunity to potentially unlock positive rental reversion
Clayfield, Queensland
• Diversified income streams, with medical and retail tenancy mix
• Future expansion potential
• Purchase yields above long-term average yield for medical assets
Greenfields, Western Australia
• Blue-chip tenancy
• Prime location adjoining Peel Health Campus in thriving health care precinct
• Purchase yields above long-term average
Independently Recommended
The Westbridge Medical Property Fund has been reviewed by Core Property Fund Research & Ratings and rated as Recommended*
The Core Property rating (assigned in November 2025) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
Steps to Invest
Register
Submit an expression of interest to receive a copy of the Fund Information Memorandum
Review
Read the Fund offer documents for a detailed overview of the investment opportunity
Speak
Talk to one of our friendly key relationship managers to ask any questions on the investment
