EG Funds has made its first move into  the healthcare real estate sector with the acquisition of two high-quality  medical centres in the Gold Coast region—Parkwood and Highland Park  Medical Centres—for a combined purchase price of $12.8 million. 

The acquisition is underpinned by strong investment fundamentals, including  a net passing yield of 8.7% and a weighted average lease expiry (WALE) of  3.0 years, which includes a rental guarantee. Investors are projected to  receive an average distribution of 8.4% p.a. (paid quarterly). 

Located in key growth corridors, these properties provide essential primary  healthcare services, serving as a frontline solution to alleviate pressure on  Australia’s increasingly stretched hospital system. Leased to IPN, Australia’s  largest operator of GP clinics and a division of ASX-listed Sonic Healthcare,  By supporting preventative and community-based care, these facilities play a  vital role in reducing hospital admissions and improving patient outcomes. 

A Data-Driven Approach to Healthcare Investment 

EG’s disciplined investment approach incorporates rigorous data analysis in site selection, ensuring acquisitions are strategically positioned to benefit  from long-term demand. The Gold Coast assets were acquired off-market  through a targeted investment framework that integrates demographic  trends, health data, and supply dynamics. This approach optimises patient  access while securing long-term viability for operators. 

“Our strategy is built on partnering with high-quality healthcare operators to  provide best-in-class real estate solutions,” said Shay Ramalingam, Director – Healthcare at EG. “By leveraging data-driven site selection and deep market  analysis, we can secure locations that align with patient needs and operator  success, creating sustainable healthcare infrastructure for the future.”

Investing in Essential Infrastructure with a Long-Term Vision 

Beyond acquisition, EG’s underwriting process evaluates multiple factors to  strengthen asset resilience, including rent coverage ratios, operator  performance, alternative use potential, and future capital investment  requirements. This holistic approach ensures that assets remain adaptable,  delivering both long-term investor value and critical community healthcare  services. 

As EG expands its footprint in the healthcare real estate sector, the focus  remains on acquiring high-quality healthcare assets in strategic locations,  tenanted by trusted operators. These properties play a vital role in  supporting community healthcare infrastructure, with a strong emphasis on  preventative care.