The Heathley Direct Medical Fund No. 2 (Fund) is an unlisted property fund that invests in a portfolio of direct medical properties throughout Australia.

Heathley is currently raising approximately $45 million of equity to acquire three additional properties for the portfolio. The acquisitions increase the Fund’s portfolio to 11 properties with a total current value of approximately $253 million.


Information Flyer RG46 Disclosure
Multi-Asset Unlisted Medical Property Fund
Open for Investment
Open to
Retail and Wholesale Investors
Fund Commenced
June 2017
Fund Term
Up to 7 years
TypeMulti-Asset Unlisted Medical Property Fund
StatusOpen for Investment
Open toRetail and Wholesale Investors
Fund CommencedJune 2017
Fund TermUp to 7 years

Fund Objectives

The Heathley Direct Medical Fund No. 2 aims to acquire a diversified portfolio of specific medical properties located throughout Australia, with a target total acquisition value of approximately $300 million.

The fund will acquire a mix of strategically located, high quality medical assets with a focus on newly developed properties. It will also participate in the development of new medical properties (greenfield or brownfield sites).

The key investment attributes of the fund include:

Fund Summary

Property Portfolio

332-342 Old Cleveland Road, Coorparoo, Brisbane Qld - Primary care based medical centre

2-24 Waldron Street, Yarrabilba, Brisbane QLD - Primary care based medical centre

9 Ashgrove Avenue, Ashgrove, Brisbane Qld - Primary care based medical centre

18 Prowse Street, West Perth WA - Day hospital

16 Weippin Street, Cleveland, Brisbane Qld - Primary care and major ancillary health centre -

RiverCity Private Hospital, 401-409 Milton Road, Auchenflower, Brisbane Qld - Private hospital

375A - 377 Concord Road, Concord West NSW (under contract) - Radiation oncology specialist centre

56 Rosemont Street & 51 Urunga Parade, Wollongong - Endoscopy clinic

60-62 Dalton Drive, Maroochydore, QLD (under development) - Government health agency, primary care and ancillary health facility

11-19 Riverview Place, Murarrie, Brisbane, QLD - QML Pathology Head Office and central laboratory including 280 car parking spaces

9-13 Bayswater Road, Hyde Park, Townsville, QLD (under contract) - Mater Womens and Childrens Hospital

More Information

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