AMP has added the Australian Unity Healthcare Property Trust to North, its flagship platform.
Damen Purcell, head of retail distribution at Australian Unity Investments, says the addition of the Healthcare Property Trust demonstrates the growth in demand for quality unlisted property investments that are able to provide a stable income and long-term capital growth.
“Over the past 13 years, the Trust has steadily grown in popularity. Today it is one of the largest and highest-rated unlisted property funds in Australia.
“Our outlook for the healthcare sector is optimistic and positive. Demand for private health services continues to expand, irrespective of economic cycles, mostly as a result of Australia’s gradually ageing and increasing population.
“The Trust has a diversified tenant base and a quality direct portfolio of 25 healthcare properties across Australia, which together with its other assets, are currently valued at *$520 million,” he says.
Damen observes that unlisted property funds are back on investors’ radars.
“In a low interest rate environment, unlisted property funds are presenting as an attractive asset class, particularly for pensioners and SMSFs who typically seek out long-term, consistently high-yielding, investments.”
In October 2013, the Healthcare Property Trust was the winner of 2013 Australian Property Institute NSW Excellence in Property Awards in the Property Trust Industry category.
In October 2013, the Australian Unity Real Estate Investment team was named Professional Planner/Zenith Investment Partners Direct Property Fund Manager of the Year 2013.