Wellness fund sheds assets worth c$60m
HMC Capital has shed four more assets from the HealthCo Healthcare and Wellness REIT.
In the biggest deal, the manager is banking $26.5 million for Vitality Village (pictured, top) at Birtinya, on the Sunshine Coast.
On 4636 square metres, the five level wellbeing facility carries a weighted average lease expiry of three years.
It is trading against a $27.7m valuation as at June, 2025, which assumed a 6.75 per cent capitalisation rate.
The asset manager paid $28.9m in 2022.
The buyer is Exceed Capital.
Annerley snares Genesis portfolio for discount
Meanwhile, HMC has sold Annerley Group three Genesis backed facilities.
The priciest – 24 Salvado Rd, Wembley, west of Perth, sold for c$15m.
The trust paid a HomeCo trust $17.5m in October, 2021.
In Queensland meanwhile, a Southport, Gold Coast, complex is believed to be selling for $10.6m, against an $11.4m valuation and $13.6m purchase price four years ago.
A Chermside asset meanwhile, north of Brisbane, traded for $9.47m.
It was valued mid-year at $10m.
HMC paid $13.2m purchase in December, 2023.
CBRE brokered the on-sales.
The deal comes five months since we reported the group, for the fund, sold an essential services focused large format retail investment at Ballarat’s Wendouree.
Last year meanwhile, the trust shed two childcare centres.
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