More than $70 Million Worth of Healthcare, Childcare and Seniors Living Assets Hit the Market for the Summer Break
18 December 2024CBRE’s Australian Healthcare and Social Infrastructure team have launched their summer spotlight portfolio with close to $70 million worth of opportunities across vacant and leased investments and going-concern seniors living portfolios.
Now in its 8th year, the team of Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Kai Wang have five separate investment opportunities in the 2024 summer spotlight portfolio, all of which are expected to close in February of 2025 if not sold prior.
Mr Peluso noted there was always significant buyer interest across the Christmas period, with many investors having more time to pursue opportunities.
“We have been running this process for over eight years now and it is unquestionably the best time for exposure in the commercial real estate environment. The increased level of exposure and traction received with opportunities in market is significant,” Mr Peluso said.
“This year we are offering one of the most diverse portfolios we have seen with all opportunities offered for sale individually across vacant and leased offerings to business sales,” he added.
Mr Caspani-Muto said, “We’ve had success with this process in all types of markets and we see every year people who would otherwise be busy with work and family commitments during the year pick up their phones during their downtime over the summer and start reviewing investment opportunities.
“Over the summer, both agent and buyer have more time to review assets in detail and have quality discussions and inspections. In some cases, properties are sold prior to their formal close dates over the Christmas and New Year window,” he added.
The list of opportunities in Victoria and NSW include seniors living, childcare and healthcare investments and are summarised below.
CBRE’s Summer Spotlight Opportunities
Property | Asset Class | Asset Summary |
Eastern Retirement Village Portfolio (Victoria) – 51 Glebe Street, Forest Hill – 144 Bible Street, Eltham | Retirement village | 2x operational retirement villages Offered for sale individually or in combination |
23 Clarendon Street, East Melbourne | Healthcare | Day hospital and consulting building Offered with vacant possession |
59-61 Para Road, Montmorency Victoria | Childcare | 15-year lease to Nino Early Learning Annual income of $437,526 |
42 Boneo Road, Rosebud, Victoria | Healthcare | Modern physiotherapy asset leased to global healthcare provider Annual income of $220,740,000 |
NSW Aged Care and Retirement Village Portfolio | Aged care and retirement village | Six operational assets across Coastal NSW Mixture of modern and mature homes and villages |