The Property Advisory (TPA) has finalized the acquisition of the $32.5 million Greensborough Medical & Day Hospital located in Melbourne’s north-east. This acquisition marks a significant step in TPA’s strategy to enhance its portfolio of resilient, income-generating healthcare real estate assets.
The Greensborough facility, which has undergone extensive refurbishment, is leased to Healius Limited, a company listed on the Australian Securities Exchange (ASX: HLS). The lease agreement extends until 2033 and includes a range of prominent healthcare providers such as ForHealth, Adora Fertility, and Lumus Radiology.
Strategic Growth in Healthcare Real Estate
TPA’s acquisition reflects its disciplined investment strategy centered on sectors that demonstrate strong demographic and social fundamentals. The purchase of the Greensborough Medical & Day Hospital aligns with TPA’s focus on long-term, stable income investments, reinforcing the company’s commitment to expanding its healthcare portfolio.
Healthcare assets have proven to be increasingly attractive to investors as demand for medical services continues to rise. TPA’s decision to invest in the Greensborough facility underscores its confidence in the healthcare sector’s resilience, particularly in light of ongoing demographic shifts and an aging population.
About The Property Advisory
Based in Melbourne, The Property Advisory specializes in managing and syndicating high-quality, income-generating social infrastructure assets across Australia. With over $450 million in assets under management, TPA adopts a disciplined approach to investment, targeting sectors supported by enduring demographic trends, such as healthcare, childcare, and commercial property.
As the healthcare landscape continues to evolve, TPA aims to capitalize on opportunities that provide stable returns while meeting the growing needs of communities. The acquisition of the Greensborough Medical & Day Hospital is a testament to this strategy and reinforces TPA’s position as a key player in the healthcare real estate market.
