Fund buys up in SEQ

Property fund manager Quanta Investment Funds has added two South East Queensland medical and industrial assets to its growing portfolio. The two deals totalled $23.25m and attracted strong investor demand with both equity raises for the Quanta Chermside Medical Trust and the Quanta Warwick Industrial Trust – closing fully subscribed within a month.

The medical asset at 7-8/956 Gympie Rd, Chermside, in Brisbane’s northern suburbs, was purchased for $14.5m and was secured at an 8.28 per cent purchase yield. It was fully subscribed with a $8.5m equity raise.

The industrial property at 56 Kenilworth St, Morgan Park in Warwick, sold for $8.75m in a deal that was secured below replacement cost at an 8 per cent purchase yield and fully subscribed with a $5.35m equity raise.

The transactions marked Quanta’s completion of five new Queensland property acquisitions in 2025 totalling $65.10m, while its investor network also increased by 19 per in the calendar year.

Quanta Investment Funds founding director Stacey Jones said both the Chermside and Warwick assets strongly aligned with the firm’s strategy of securing high-performing assets in tightly-held markets.

“These acquisitions and rapid capital raising demonstrate the depth of demand we are seeing across our investor network, particularly for assets with strong tenant covenants, long WALE (Weighted Average Lease Expiry) profiles and compelling growth potential,” she said.

“South East Queensland offers a really strong reward profile for our investors, while the broader Queensland market has boomed throughout 2025, so we’re confident these latest acquisitions will deliver sustained, long-term returns for our investors.”

The strata-titled Chermside property has a purpose-built 26-chair day oncology hospital and 61 exclusive car bays. The 1145 sqm fully-leased medical is occupied by Icon Cancer Centre – Australia’s largest dedicated cancer care provider, until May 2030 with a further five-year option.

The industrial asset at Morgan Park is occupied by national light commercial vehicle fit-out company RXI Group on a new 12-year lease with a further 10-year option extending to 2047. RXI has invested more than $5m into upgrading the modern 6299 sqm industrial facility, reinforcing its long-term commitment to the site which serves as the company’s primary national manufacturing hub.