Cromwell Healthcare Property Fund
New unlisted healthcare property investment opportunity
Cromwell Healthcare Property Fund
New unlisted healthcare property investment opportunity
The Fund offers a unique healthcare property investment opportunity designed to deliver monthly income with the potential for capital growth.1
Forecast Distribution Yield starting at
7% p.a.1 paid monthly
As with all property investments, there are risks associated with investing in the Fund. Refer to the Fund’s PDS and TMD for further details.
Watch our fund highlights video showcasing the property asset.
The underlying asset in the Cromwell Healthcare Property Fund, GP Plus Health Care Centre Elizabeth, is fully leased to Adelaide Health Service, a South Australian Government healthcare operator. It features a purpose-built medical centre with 35 consulting suites situated on a 11,720 square metre site. The property has a long weighted average lease expiry (WALE) of 6.1 years.
Watch the video to learn more.
- Situated in the fastest-growing region of Adelaide, with a rapidly increasing population
- Population over 65 growing faster and expected to support demand for health services
- Located near a key regional hospital and community support amenities, including educational, aged care and recreational facilities.
- Part of an essential services cluster, adjacent to large regional shopping centre.
- Easily accessible from several arterial roads, rail and bus hub, with significant on-site parking.
- Essential outpatient services complement nearby major hospitals, addressing primary and allied health needs.
- GP Plus Health Care Centres established with objective of:
- increased equity of access to health services;
- decreased number of patients requiring referral to hospital;
- increased availability of minor injury services at a community level;
- delivery of services closer to home;
- increased use of self-management programs;
- increased early detection of health status risk factors;
- early intervention in the management of risk factors affecting the health of an individual; and
- improved management of chronic conditions.
- 100% occupied by South Australian Government healthcare operator.
- 6.1 years of secure income.
- Potential for expansion to meet evolving healthcare demands.
- Buying below estimated replacement cost.
Register for an information pack
To receive more information about this opportunity, including a copy of the Product Disclosure Statement (PDS) and Target Market Determination (TMD), please complete the form below. We will also notify you with updated news about the Fund.
Cromwell Funds Management investment opportunities will always be provided with PDS and TMD, which are accessible only via our website cromwell.com.au. All correspondence from our business will always be from @cromwell.com.au or @e.cromwell.com.au and we can always be contacted to verify any product offers at 1300 268 078. If in doubt, do not provide your bank details, do not allow anyone to Direct Debit your account and do not transfer any funds to an external bank account.
If you have any questions, please contact Cromwell Investor Services team today.
T: 1300 268 078
E: invest@cromwell.com.au
Our research
With attractive investment characteristics such as high-quality cash flow, inflation hedging through CPI-linked rents, and long lease terms, medical centres present compelling opportunities for investors looking to align with healthcare trends and government priorities.
Medical centres are an increasingly important part of the healthcare landscape, representing efficient and fit-for-purpose facilities that can help alleviate the capacity constraints of hospitals and improve the sustainability of the health system.
Our track record
The Ipswich City Heart Building formed part of Stage 1 of the $1 billion
redevelopment known as ICON Ipswich.
11.2% annualised return (after fees and costs) on wind up2,3 of the Fund.
The Trust is underpinned by Energex House located at 33 Breakfast Creek Road in Newstead, Queensland.
6.7% 2,4 Distribution yield
11.7%2,5 annualised return since inception (July 2009).
Cromwell’s 12th unlisted property trust provides exposure to a single asset, located at 19 George Street in Dandenong, Victoria.
7.3% 2,6 Distribution yield
11.2%2,5 annualised return since inception (October 2013).
Cromwell Funds Management is part the ASX-Listed Cromwell Property Group. As at 31 December 2023, Cromwell had a market capitalisation of approximately $1.1 billion, an Australian investment portfolio valued at $2.4 billion and total assets under management of $11.4 billion across Australia, New Zealand and Europe.
Footnotes
- Forecast distribution yield on issue price starting at 7% p.a. until 30 June 2026 with the potential for capital growth over the period of investment. Income distribution, capital growth and return of capital is not guaranteed and is subject to the assumptions and risks included in the Fund’s PDS and TMD.
- Past performance is not a reliable indicator of future performance.
- Asset sold in October 2021 and fund wound up on 28 February 2022.
- Based on current distribution of 12.25 cents per unit p.a. and a unit price of $1.8272 as at 30 April 2024.
- As at 30 April 2024.
- Based on current distribution of 6.25 cents per unit p.a. and a unit price of $0.8587 as at 30 April 2024.
Disclaimer
This webpage has been prepared for information purposes and is not a product disclosure document or any form or offer to invest in the Cromwell Healthcare Property Fund (Fund) under the Corporations Act 2001 (Cth) (Corporations Act). This webpage has been prepared without taking into account the specific objectives, financial situation or needs of individual investors. All investments involve risk and, before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction and circumstances.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) is the responsible entity of the Cromwell Healthcare Property Fund ARSN 676 931 838 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 27 May 2024 (PDS) and the target market determination (TMD). The PDS and TMD are issued by CFM and are available from www.cromwell.com.au/chpf, by calling Cromwell’s Investor Services Team on 1300 268 078 or emailing invest@cromwell.com.au. This communication has been prepared without taking account of your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and TMD and assess whether the Fund fits your objectives, financial situation or needs.
Any ‘forward-looking statements’ are not guarantees of future performance but are predictive in nature and are subject to known and unknown risks, uncertainties and other factors which may be beyond the control of CFM. CFM does not represent or warrant that such ‘forward-looking statements’ will be achieved or will prove to be correct, and actual variations from the projections or estimates may be material. You are cautioned not to place undue reliance on any forward-looking statements.
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