Boston Global Invests Further in Health Hotels- The Australian 28th September
On the property front, COVID-19 highlighted the importance of quality healthcare services, in Australia and overseas, said company managing director Corey Cooney.
He noted that the pandemic had created further opportunities to push into a space the firm had already been operating in.
The 140-room hotel at Nepean Hospital will be completed in collaboration with specialty healthcare providers to ensure patients, their visitors and hospital staff are catered for.
Mr Cooney said the investment in the asset class makes sense in the COVID environment as it is a counter-cyclical asset, with the product linked to essential services and not reliant on uncertain property prices.
“We see that there is an ageing population and COVID has really highlighted the importance of medical infrastructure. It is counter cyclic — it is not something affected by recessions or linked to property prices,” he said.
“The Australian healthcare system needs improved infrastructure and we have identified the needs and are strategically planning our investments within medical precincts throughout Australia and New Zealand.”
The company is collaborating with key stakeholders at the Nepean Hospital to identify key amenities needed to improve the precinct for staff, patients and visitors.
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