Quanta buys two investments for single asset funds
Quanta Investment Funds has settled on two Queensland investments for fully subscribed single asset funds.
For the Quanta Chermside Medical Trust, the asset manager paid $14.5 million for Lots 7 and 8, 956 Gympie Road, Chermside.
With a 1145 square metre, 26-chair oncology hospital and 61 car parks, opposite Westfield Chermside, it is leased to Icon Cancer Centre until 2030 – or 2035 if the occupier exercises an option.
The result reflects an 8.28 per cent passing yield.
JLL’s Simon Quinn, Thomas Thorsen and Mark Stafford were the agents, closing an expressions of interest campaign last April.
The seller outlaid $10.8m in 2018.
$65m year
Meanwhile, Quanta has settled on the $8.75m deal for 56 Kenilworth St, Morgan Park – a 6299 sqm office/warehouse on 2.17 hectares.
As we reported in October, the result for the Warwick precinct investment reflected an eight per cent yield (continues below).
RXI Group offered it with a leaseback after recently investing $5m on the improvements.
The initial term is 12 years. With options it can stay until 2047.
It will be held by the Warwick Industrial Trust.
Quanta agreed to buy five investments last year, all up spending $65.1m.
“Both Chermside and Warwick strongly align with the firm’s strategy of securing high performing assets in tightly held markets,” founder, Stacey Jones, said.
“South east Queensland offers a really strong reward profile…while the broader Queensland market has boomed throughout 2025,” she added.
“Opportunities like these…underpinned by strong tenants are increasingly rare and a credit to our team’s industry connections and off-market sourcing capability,” according to the executive.
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