Healthcare and social infrastructure seminar draws 300 attendees

More than 300 attendees from around Australia converged on Melbourne last week, for the property industry’s largest healthcare and social infrastructure-focused event in four years.

The Crown Casino event was hosted by CBRE, with its experts joined by property and industry leaders to discuss the latest insights, trends and data from the growing sector across a panel discussion and presentations. 

CBRE’s Australian Healthcare & Social Infrastructure team of Sandro Peluso, Jimmy Tat and Marcello Caspani-Muto were accompanied by Jane Lee and Jane Devereux from the company’s Valuation & Advisory Services business and Amanda Steele, Executive Managing Director of Property Management.

The broader industry was represented by Ann Flaherty (Real Commercial), Andrew Hemming (Centuria Healthcare), Sam Morrice (HMC Capital), Lynda Salvo (Explorers Early Learning) and Joe Williams (Brookfield Partners).

“CBRE is committed to giving our clients access to real-time trends and insights on the Australian healthcare and social infrastructure market, and this event is among the initiatives through which we’ll aim to further increase industry knowledge and drive growth,” Mr Peluso said.

Key takeaways included a forecast increase in the volume of vacant-possession aged care and retirement offerings and opportunities for investors and end users in 2023.

Experts discussed the runway for growth across South Australia and Queensland in the class, with these states expected to follow Victoria’s rise in sales activity over the past 24 months.

Heightened sales activity against 2022 is also expected in the healthcare sector, with yields predicted to remain relatively stable in comparison to the softening being witnessed across other asset classes. 

Record-breaking activity through CBRE in the childcare leasing market, meanwhile, is forecast to fuel increased sales opportunities into the second half of 2023.

“Something our team has continued to say for years now is that healthcare and social infrastructure should no longer be labelled as an ‘alternative investment’,” Mr Caspani-Muto added.

“The volume of attendees from private to institutional capital makes it incredibly clear these assets are now considered core investments.”