In a joint venture with Morgan Stanley Real Estate Investing, specialist investment managers Centuria Capital Group have announced the formation of their new institutional healthcare system, the Centuria Prime Partnership (CPP). CPP is currently made up of three real estate assets: Adeney Private Hospital (Victoria), Westside Private Hospital (Queensland), and Mater Private Hospital (Queensland).

CEO Jason Huljich says, “We are very pleased to announce our partnership with MSREI, which provides another opportunity to utilise our strong in-house healthcare real estate capabilities and further broadens our access to additional capital sources.”

Managing Director Andrew Hemming also commented on the significance of the CPP venture, sharing: “Since 2019, Centuria has significantly grown its healthcare AUM to approximately $1.7 billion, by focusing on healthcare real estate models of care that are cost effective and deliver better patient care for our high-quality operational partners. We will continue to focus on the acquisition of institutional-grade properties as well as developing out our $900 million healthcare pipeline.”

Centuria Capital Group has worked with Australian investors, advisers, stakeholders, and security holders with listed and unlisted property funds and investment bonds for 35 years. The company will act as the tust administrator, property manager, and development manager for the CPP, and has identified additional property assets intended for acquisition in the future.

For more information, visit the Centuria Capital Group website: https://centuria.com.au/

Or, the Morgan Stanley Real Estate Investing website: https://www.morganstanley.com/