Information Pack
Explore the Cromwell Healthcare Property Fund
Information Pack
Explore the Cromwell Healthcare Property Fund
On this page, you will find useful documents relating to the fund including the Product Disclosure Statement (PDS) and Target Market Determination (TMD), application forms, fund information and documents for advisers.
It is important to carefully review the PDS and TMD before making any decisions to invest or hold units in the fund.
Fund documents
The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.
By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.
Adviser documents
The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.
By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.
Application forms
The information in this section of the website is provided for the use of licensed financial advisers and wholesale investors only. In no circumstances is it to be used by a potential investor for the purposes of making a decision about a financial product or class of products. Any advice is not personal advice and has been prepared without taking into account investors objectives, financial situation or needs.
By electing to continue, you confirm that you are a licensed financial adviser or a wholesale investor.
Existing unlisted investors
If you have invested in a Cromwell managed unlisted fund previously, we require your Cromwell investor reference number and postcode. These details can be found on a recent statement.
New or CMW listed investors
If you are a new investor, or one of our CMW securityholders, the online application will guide you through the documents required to complete your application.
Property overview: GP Plus Health Care Centre Elizabeth
Property: The Property, which is operated as the GP Plus Health Care Centre Elizabeth, is a purpose-built medical centre comprising 35 consulting suites.
Location: 16 Playford Boulevard, Elizabeth, South Australia.
Site area: 11,720 sqm
Tenant: Adelaide Health Service Incorporated, a South Australian Government healthcare operator.
How to invest
A potential investor must read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) in full.
A potential investor should consider the risks as outlined in section 5 of the PDS, and their appetite to risk in general when considering an investment in the Fund.
Apply online, or complete the paper application form. You can also contact Cromwell’s Investor Services Team on 1300 268 078 or email invest@cromwell.com.au.
Existing unlisted investors
If you have invested in a Cromwell managed unlisted fund previously, we require your Cromwell investor reference number and postcode. These details can be found on a recent statement.
New or CMW listed investors
If you are a new investor, or one of our CMW securityholders, the online application will guide you through the documents required to complete your application.
Contact us
National Manager – Adviser Distribution – VIC/SA/WA/TAS
T: 0438 046 893
E: Daniel.Thomas@cromwell.com.au
State Manager – Adviser Distribution – QLD/NSW/ACT/NT
T: 0467 284 727
E: Narelle.Avery@cromwell.com.au
Our research
With attractive investment characteristics such as high-quality cash flow, inflation hedging through CPI-linked rents, and long lease terms, medical centres present compelling opportunities for investors looking to align with healthcare trends and government priorities.
Medical centres are an increasingly important part of the healthcare landscape, representing efficient and fit-for-purpose facilities that can help alleviate the capacity constraints of hospitals and improve the sustainability of the health system.
Our track record
The Ipswich City Heart Building formed part of Stage 1 of the $1 billion
redevelopment known as ICON Ipswich.
14.2% annualised return (after fees and costs) on wind up2,3 of the Fund.
The Trust is underpinned by Energex House located at 33 Breakfast Creek Road in Newstead, Queensland.
6.7% 2,4 Distribution yield
11.7%2,5 annualised return since inception (July 2009).
Cromwell’s 12th unlisted property trust provides exposure to a single asset, located at 19 George Street in Dandenong, Victoria.
7.3% 2,6 Distribution yield
11.2%2,5 annualised return since inception (October 2013).
Cromwell Funds Management is part the ASX-Listed Cromwell Property Group. As at 31 December 2023, Cromwell had a market capitalisation of approximately $1.1 billion, an Australian investment portfolio valued at $2.4 billion and total assets under management of $11.4 billion across Australia, New Zealand and Europe.
Footnotes
- Forecast distribution yield on issue price starting at 7% p.a. until 30 June 2026 with the potential for capital growth over the period of investment. Income distribution, capital growth and return of capital is not guaranteed and is subject to the assumptions and risks included in the Fund’s PDS and TMD.
- Past performance is not a reliable indicator of future performance.
- Asset sold in October 2021 and fund wound up on 28 February 2022.
- Based on current distribution of 12.25 cents per unit p.a. and a unit price of $1.8272 as at 30 April 2024.
- As at 30 April 2024.
- Based on current distribution of 6.25 cents per unit p.a. and a unit price of $0.8587 as at 30 April 2024.
Disclaimer
This webpage has been prepared for information purposes and is not a product disclosure document or any form or offer to invest in the Cromwell Healthcare Property Fund (Fund) under the Corporations Act 2001 (Cth) (Corporations Act). This webpage has been prepared without taking into account the specific objectives, financial situation or needs of individual investors. All investments involve risk and, before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate advice, including financial, legal and taxation advice appropriate to their jurisdiction and circumstances.
Cromwell Funds Management Limited ABN 63 114 782 777 AFSL 333 214 (CFM) is the responsible entity of the Cromwell Healthcare Property Fund ARSN 676 931 838 (Fund). In making an investment decision in relation to the Fund, it is important that you read the product disclosure statement dated 27 May 2024 (PDS) and the target market determination (TMD). The PDS and TMD are issued by CFM and are available from www.cromwell.com.au, by calling Cromwell’s Investor Services Team on 1300 268 078 or emailing invest@cromwell.com.au. This communication has been prepared without taking account of your objectives, financial situation or needs. Before making an investment decision, you should consider the PDS and TMD and assess whether the Fund fits your objectives, financial situation or needs.
Any ‘forward-looking statements’ are not guarantees of future performance but are predictive in nature and are subject to known and unknown risks, uncertainties and other factors which may be beyond the control of CFM. CFM does not represent or warrant that such ‘forward-looking statements’ will be achieved or will prove to be correct, and actual variations from the projections or estimates may be material. You are cautioned not to place undue reliance on any forward-looking statements.
Information collected by CFM and its related parties may contain personal information. Please refer to our privacy policy for information about how we handle your personal information, your rights to seek access to and correct your personal information and how to complain about breaches of your privacy.
The Core Property rating (assigned in June 2024) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.