Private Healthcare Fund
Next Generation Private Healthcare
NHL Properties Limited (NHL) is the owner of the Forté Health Precinct (FHP), one of the South Island’s leading private medical precincts. The FHP is located in central Christchurch and incorporates private hospitals, medical consultancies and associated medical facilities.
The site provides the potential for significant further expansion and NHL is seeking to raise equity to fund the next phase of development. This represents a rare opportunity for investors to participate in the growth of what has historically been a tightly held and sought after asset class.
The Investment Opportunity
Mainland, on behalf of NHL, is seeking equity commitment of $35-50 million to complete the development of Forte 3, a state-of-the-art, IL4 & Green Star 5 hospital, and position the NHL balance sheet to capitalise on further opportunities in the private healthcare sector. This marks the first opportunity for external wholesale investors to invest in the Forte Health Precinct.
Following the next phase of development, NHL will encompass 13,487m² of net lettable area across four institutional-quality buildings, with 277 car parks on a 1.5-hectare site. The properties are fully leased to 17 medical entities.
Investment Highlights
- Diversification: Access to a portfolio of 17 medical tenancies in the private healthcare sector.
- Macro-economic tailwinds: Exposure to the private healthcare sector benefiting from structural demand/supply imbalance.
- Institutional anchor tenant: Forte Health is the major tenant with a 30-year lease.
- Return profile: An initial 10%+ 2-year total return1 with a combination of stabilised income with active capital growth prospects through the development of Forte 3 and future opportunities.
- Conservative capital structure: NHL’s balance sheet is positioned to create shareholder value through further development of existing land holdings and other similar opportunities across New Zealand.
1The basis on which returns are calculated is outlined in the Investment Summary. Returns are subject to a number of risks and uncertainties and actual results and events could differ materially from those anticipated.
Land & Location
