HESTA invests in a new health and life science campus

HESTA is proud to partner with property fund manager ISPT on a new health and life sciences campus at St Vincent’s Hospital in Melbourne.

Dubbed Brenan Place, the project is the latest investment made by HESTA through its $430 million health care property mandate.

HESTA has a strong track record of long-term investment in health and life sciences, supporting jobs and innovation in sectors where many HESTA members work.

The Brenan Place project will include space to be leased to various tenants, including ancillary services, administration, education, and health services. The building will comprise 12 storeys and is targeted to have a 5 Star Green Star rating and 5.5 star NABERS Energy rating. It will also integrate and restore the heritage-listed Brenan Hall, which was constructed in 1889.

HESTA Chief Engagement and Growth Officer Josh Parisotto was on site to break ground on the project in May this year, along with Investment Manager – Property, Scott Hastings, Associate Portfolio Manager – Unlisted Assets, Lee Mauceri, and General Manager – Unlisted Asset Management, Dani Dalby.

It’s estimated the project will be complete in 2026.

HESTA believes Australia’s ageing population can support strong demand for health services, helping to deliver strong, long-term returns^* for our members, while supporting future jobs, economic growth and better health outcomes.

Find out more about our investment in the future of health and community services.

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