Subscribe to email alerts
KMPF Epping Healthcare Fund (Fund) has recently acquired the Epping Private Hospital and Medical Centre, located at 230 Cooper Street, Epping, VIC (Property). The Property is a modern, high-quality facility constructed in 2009, with a further $12 million invested in the hospital fit-out in 2018. It is strategically located approximately 18 km from the Melbourne CBD, in a rapidly growing medical precinct, opposite the Northern Hospital in Epping, one of Melbourne’s largest public hospitals.
The Property is 100% leased and the WALE was 8.7 years at acquisition. Operators within the Property provide both public and private health care services, with major tenants including Northern Health, GenesisCare, I-MED, Sonic Healthcare (trading as Melbourne Pathology), Family Doctor and DPV Health.
The Property will benefit from increased patronage of the day hospital and medical facility, providing scope for future income growth and the potential to capture value uplift for the Fund.