Based in Sydney, the company established its Barwon Healthcare Property Fund about eight months ago with the objective to commit $100 million within three years.

In the village space, they contributed to the CBA finance in Patrick Smith’s purchase of the 116 apartment Grande Pacific high-rise at Southport. It was inreceivership with 108 vacant units.

Barwon has also purchased a single care facility in Victoria.

Barwon’s director, Robert Morrison said: “We are actively looking for more opportunities in this area.”

Heathley Limited has launched its Aged-Care Property Fund No 1, which will aim to acquire up to $500 million of aged-care properties over the next three years. The company states it is also interested in retirement villages.