Charter Hall acquires A$80m of education and healthcare properties in Queensland

Charter Hall Group, on behalf of two funds, has acquired two newly constructed class A properties — TAFE’s Gold Coast campus and a specialist medical facility, both in Robina, Queensland, for the combined sum of A$80 million ($54 million).

Charter Hall Social Infrastructure REIT (CQE) and Charter Hall Direct Long WALE Fund (LWF) each hold a 50 percent interest in the properties. These assets are well-positioned in the Gold Coast’s high-growth corridor with strong tenant covenants, both providing essential services.

Located in the Acuity Business Park at 209 Robina Town Centre Drive, Buildings 2 and 3 are situated in the heart of Robina’s growing corporate, medical and educational precinct, just 80 meters (262 feet) from Robina’s train and bus interchange and 300 meters (984 feet) from public and private hospitals.

The properties are underpinned by long-term leases to TAFE Queensland (a state government–owned not-for-profit vocational education provid