IPD launches healthcare property index
Specialist property research company IPD this week launched a new product - the PCA/IPD Healthcare Property Investment Index.
According to the company, the index is the first healthcare property-specific index in Australia and is designed to provide a measure of investment market performance for the healthcare property sector.
The announcement said the index, which is sponsored by Colliers International, is comprised of investment data from five owners, including Arena Investment Management, Australian Unity, Generation Healthcare REIT, Healthfield Development and Management, and Vital Healthcare Property, representing 49 assets worth $950 million.
It said the index details income return, capital growth and total return on a quarterly basis, with the healthcare property sector consisting of private hospitals with surgical and non-surgical facilities and medical centres with consulting rooms, laboratories, radiography, GP clinics and other healthcare services.
Commenting on the launch, IPD Australia and New Zealand managing director Dr Anthony De Francesco said the index provided the first quantification of investment returns for the Australian healthcare property sector.
"This serves to increase the level of transparency and brings further sophistication to the Australian property industry," he said.
For the year ending December 2011, the PCA/IPD Healthcare Index recorded a total return of 12.1 per cent, while over the same period, the overall commercial property market delivered a 10.5% total return.
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