The Perth development deal is the latest in a string of additions to Dexus’ unlisted healthcare real estate fund and will take its portfolio past $1.3 billion.
Dexus raising funds to buy more healthcare assets
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Dexus is raising funds from big investors to buy more properties for its wholesale Healthcare Property Fund (DHPF), which now has assets under management of $946 million.
Deborah Coakley, executive general manager of funds management at Dexus, said investor appetite for healthcare had ramped up âmassivelyâ since the fund was launched in 2017 as part of an asset diversification strategy by Australiaâs largest commercial landlord.
North Shore Health Hub at St Leonards, Sydney, was developed by Dexus as part of its asset diversification strategy.Â
âThereâs a myriad of opportunities,â she said. âOne of the things we have done over the past three years is increase the talent capability of our healthcare team at the acquisition and development level.