Sector Forecast to Double
The investable universe of the Life Science sector is forecast to double from AUD 13 billion to AUD 24 billion over the next decade.
Government Spend Increase
It is expected that Government spending on health and aged care sectors will increase by 7% over the next 40 years, with business incentives forming a part of this strategy.
Currently, Australia has around 20 established and active life science related precincts and an estimate of 15 that are emerging or planned.
The Rise of Australia's Life Sciences Sector
In this episode of Talking Property, Sass J-Baleh Head of Industrial & Logistics Research at CBRE sits down with Julie Phillips, CEO and Director of BioDiem, Jack Walters Head of Industrial Transactions at Charter Hall and Chris O’Brien Executive Director, Capital Markets, Industrial & Logistics at CBRE. Together, they take a closer a look at the Australian life sciences sector from pharmaceutical manufacturing and demand for life science assets, through to the types of investor groups showing interest, major transactions and their predictions for industry growth over the next decade.