Properties & Pathways recently acquired the Logan Central Medical Centre in Queensland for $12.19 million from Centuria, expanding its healthcare real estate portfolio. The medical facility is strategically located on a 6,130sqm corner site at Logan and Wembley Roads, offering easy access and visibility to the local community.
The centre comprises 10 single-level tenancies with a total Net Lettable Area of 1,850sqm and is anchored by ASX-listed Sonic Healthcare, including IPN Medical Centre, QLD X-Ray, and Sullivan Nicolaides Pathology. Additionally, it provides 44 car parks for visitors and staff.
Mike Walsh and Peter Court of Cushman & Wakefield, along with Simon Quinn and Thomas Thorsen of JLL, facilitated the sale. Mike Walsh emphasized the attractiveness of healthcare real estate for institutional investors due to its steady income stream and growing demand driven by demographic shifts and government investments.
The City of Logan LGA is expected to see a rise in the 65+ age group, driving the need for medical services. Properties & Pathways is poised to meet this demand and enhance healthcare facilities for the local community.
Peter Court, Director at Cushman & Wakefield, highlighted Properties & Pathways’ dedication to investing in high-quality healthcare assets. The company aims to provide exceptional medical services to Logan Central and its surroundings, aligning with the evolving healthcare landscape in Australia.
The acquisition of Logan Central Medical Centre reflects the company’s commitment to delivering outstanding healthcare services. With a focus on meeting the growing healthcare needs of the community, Properties & Pathways is well-positioned to contribute to the evolving healthcare sector in Australia.
As the healthcare real estate sector continues to evolve, investments in medical facilities are becoming increasingly attractive for investors. The growth in healthcare expenditure, supported by government initiatives and demographic trends, underscores the importance of quality healthcare infrastructure.
With the acquisition of Logan Central Medical Centre, Properties & Pathways is not only expanding its portfolio but also enhancing its capabilities to cater to the changing healthcare landscape. The company’s strategic investment in healthcare assets reflects a broader trend in the industry towards prioritizing healthcare infrastructure.
Looking ahead, Properties & Pathways’ acquisition of the medical centre positions the company as a key player in providing essential healthcare services to the growing population in Logan Central. The move underscores the company’s commitment to delivering top-tier medical facilities and meeting the evolving healthcare needs of the community.
📰 Related Articles
- YTL Hotels Expands Portfolio with Moxy and AC Hotels
- United Flea Markets Expands Portfolio with Flea Market Mobile
- United Flea Markets Expands Portfolio with Flea Market Mobile
- Prosus Completes $1.7B Acquisition of Despegar, Expands Market Presence
- Logan City Council Expands Staff to Meet Housing Demand