Quanta secures Gold Coast Healthcare & Childcare asset – JLL & CBRE

Quanta Investment Funds has successfully settled the acquisition of Robina Lifestyle & Medical, a purpose-built healthcare and childcare asset 299 Scottsdale Drive, Robina (Gold Coast).

The property was constructed in 2023 and comprises a 2,869 sqm facility which was acquired for $24.25 million on behalf of a long-standing family office client.

The fully leased asset is anchored by Medical on Robina and Green Leaves Early Learning and is supported by a diverse mix of allied health and specialty tenants across six tenancies. The property provides a resilient income profile, with medical and allied health operators accounting for approximately 69 per cent of income and childcare contributing a further 28 per cent.

Quanta Managing Director Tim MacKinley told COMMO the acquisition reflected Quanta’s ability to deliver end-to-end property investment solutions for sophisticated clients, from acquisition through to ongoing investment management.

“We’re proud to have secured this exceptional asset and to have been appointed as Investment Manager on behalf of one of our long-standing family office clients. This appointment reflects the trusted relationships we’ve built over many years and our ability to identify, acquire and actively manage high-quality commercial property investments that align with our clients’ long-term objectives,” Mr MacKinley said.

“Healthcare and childcare assets continue to benefit from strong underlying demand, supported by essential services and long-term demographic trends. Robina’s strategic location and ongoing growth make this an attractive addition to our client’s property portfolio.”

The property offers a strong Weighted Average Lease Expiry (WALE) of 8.46 years by income and benefits from secure net lease structures, providing stable cashflow alongside embedded rental growth through annual increases.

The acquisition was completed on a passing yield of 6.26 per cent and reflects $8,605 per square metre of lettable area.

JLL agents Thomas Thorsen and Simon Quinn facilitated the transaction and commented on the strength of demand for well-located healthcare and essential service assets.

“Robina Lifestyle & Medical attracted strong interest due to its established location, high-quality tenant profile, long lease expiry and position within one of the Gold Coast’s key residential and commercial precincts,” Mr Thorsen said.

“The successful transaction reflects the appeal of healthcare and childcare assets that combine quality tenants, secure occupancy and strong underlying property fundamentals,” Mr Quinn said.

Strategically positioned within the established and growing suburb of Robina, the property benefits from direct access to the M1 Motorway and proximity to Robina Town Centre. The surrounding area is supported by major national retailers including Bunnings, Officeworks and Supercheap Auto, reinforcing its role as a key lifestyle and commercial destination on the Gold Coast.

“The combination of a defensive tenant profile, long lease expiry and strong location fundamentals made this an outstanding acquisition,” Mr MacKinley said.

“As the Gold Coast continues to grow, demand for healthcare, childcare and allied health services is expected to remain resilient, supporting the long-term performance of the asset.”

Robina Lifestyle & Medical, at 299 Scottsdale Drive, Robina (Gold Coast) sold to Quanta Investment Funds by JLL agents Thomas Thorsen and Simon Quinn together with CBRE’s Michael Hedger and Mikaela O’Farrell

The acquisition reinforces Quanta’s ability to deliver tailored commercial property solutions for clients through disciplined acquisition strategies and strong market relationships.