investing in the future of care

The latest HESTA investment initiative means your super will support two of the fastest-growing industries in Australia – and help build a brighter financial and professional future for you.
 

HESTA has committed $200 million to a property mandate that will focus on investment opportunities in Australia’s fast-growing healthcare sector.

Managed by the industry super fund-owned ISPT, the new HESTA Healthcare Property Trust will invest in opportunities such as private hospitals, general medical and residential aged care.

HESTA CEO Debby Blakey says this is another example of how HESTA is building on our deep relationships with the sector to generate strong, long-term returns for members and support jobs and growth.

“We are actively looking for investment opportunities as Australia’s aging population will see the need for a significant expansion in services and facilities in the coming years,” Debby says.

“HESTA has been a trusted industry partner for more than 32 years and our patient, long-term investment approach means we are ideally placed to support our sector as it seeks to meet future demand.

“We’re very excited by the potential opportunity and, given performance meets our expectations and appropriate investments can be identified, we’re open to increasing our exposure.”

HESTA CIO Sonya Sawtell-Rickson says the focus on healthcare and aged care property would provide diversification for the broader HESTA property portfolio.

“Healthcare and aged care property assets are not as exposed to the economic cycle as other types of large-scale commercial or retail property investments we have in the portfolio,” Sonya says.

“We believe the strategy and approach we will take through this mandate and our strong connections and knowledge of the sector will unlock opportunities that can provide strong long-term risk-adjusted returns and alignment with our members.”

Our investment team, in partnership with ISPT, is focusing on metropolitan and regional city locations and a broad range of opportunities.

“We’re a long-horizon, patient investor so we’re very aligned with health and community services organisations that are similarly wanting to make very long-term decisions about their real estate needs and want a stable, trusted investor to partner with.

“We believe the opportunities we’re targeting can also free up capital for these healthcare and aged care providers so they can invest in other opportunities like new technologies, upskilling their workforces and expanding into new areas of operation.”