CBRE’s Australian Healthcare and Social Infrastructure team is set to launch it’s eighth portfolio offering in the past 24 months. While previous portfolios have focused on leased investments this will leverage the consistent build-up of demand for vacant aged care homes nationally with four sites being offered across Victoria and Queensland.

While the addresses and owner of the assets cannot be revealed until the campaigns public launch in two weeks’ time, the suburbs can be seen in the table below. With all properties located in premium locations the agency team are expecting strong interest from a variety of end-users.

A selection of assets are co-located with existing retirement villages making them of instant appeal to traditional Aged Care providers be it in the form of refurbishment, redevelopment or extension. The agency team marketing the assets comprises Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Will Carman.

The portfolio offers a combined 208 beds and is being offered individually or in-one line East Coast Aged Care Portfolio Assets

CBRE’s Marcello Caspani-Muto said “As our team have been saying for well over 18 months now, the popularity of vacant aged care and retirement homes is comfortably at record levels. Broader challenges with rising construction costs across the commercial and residential markets, have acted as a catalyst for demand in this sector. With development risk and construction costs at all-time highs securing large landholdings with significant existing improvements allows for more substantial potential upside. We are seeing a steady increase in the number of tenants and owner occupiers entering the space through creative conversions to Aged Care, Healthcare, NDIS and Accommodation uses. We expect this to be one of the most competitive portfolio offerings of 2022.

CBRE’s Sandro Peluso added, all properties within the portfolio sit within highly desirable metropolitan or regional CBD locations. Underlying landholdings to the size of what is being offered in these locations are very difficult to come by. Couple this with the conversion, extension or refurbishment potential of the existing improvements which have been maintained to high standards and these really to present generational opportunities.

The East Coast Aged Care Portfolio will be offered for sale via International Expressions of Interest with a closing date of late September expected.

To request a copy of the Information Memorandum please contact one of the CBRE marketing agents Sandro Peluso, Marcello Caspani-Muto, Jimmy Tat and Will Carman via the contact details below.