Register For Our Mailing List

Register to receive our free weekly newsletter including editorials.

Charter Hall

  •   14 July 2022
  •      
  •   

CQE acquires $40 million of education and healthcare properties

14 July 2022 - Charter Hall Social Infrastructure REIT (ASX:CQE) today announces the acquisition of a 50% interest in two newly constructed properties, being a TAFE campus and a specialist emergency medical facility (Properties) located in Robina, Queensland for $40 million which reflects a passing yield of 4.4%. The Properties have been acquired in conjunction with the Charter Hall Direct Long WALE Fund which acquired the other 50% interest.

The Properties are situated in the heart of Robina’s growing corporate, medical and educational precinct, being 80 metres from Robina’s train and bus interchange and 300 metres from the Robina public and private hospitals.

The Properties are underpinned by long term leases to TAFE Queensland (a State-Government owned not for profit vocational education provider) and Wise Medical. Both properties have 10-year lease terms with average fixed annual rental increases of 3.2%.  Settlement is expected to occur in September 2022.

This transaction was completed with the developer, Alceon Qld. Alceon and Charter Hall will continue to work together on the delivery of additional social infrastructure properties.  The transaction was undertaken off-market.

Leading the way as a sustainable vocational institution in Australia, the TAFE Queensland Robina campus will ensure that sustainability is embedded into every aspect of campus operations, including campus design, course curriculum and student life. Students will be able to practice their skills in the live training facilities on campus, with an operational conference and banquet centre, specialised early childhood educator training facility, fully equipped health and fitness centre and lecture theatre. The building was recently awarded Silver in the Construction Category at the World Federation of Colleges and Polytechnics World Congress in San Sebastian, Spain.

Robina will be Wise Medical’s second clinic (the first in Macquarie Park, NSW). These clinics were established to provide a greater choice for patients on how they access emergency medical treatment, without the patient having to visit a hospital. The medical asset will comprise of specialised emergency medical and dental facilities, incorporating consulting and treatment rooms, 9-bed ward, CT Scanning, X-ray and ultrasound facilities, ambulance bay and ancillary office, reception, and staff breakout areas.

Travis Butcher, Fund Manager of CQE said: “Consistent with CQE’s strategy of investing in diversified social infrastructure assets with long lease terms and strong tenant covenants, we’re pleased to add high quality education and healthcare properties to the portfolio.  These acquisitions demonstrate the benefits of a broadened strategy which provides CQE with greater opportunities for investment in premium assets with strong property fundamentals.”

See full media release

banner

Most viewed in recent weeks

Simple maths says the AI investment boom ends badly

This AI cycle feels less like a revolution and more like a rerun. Just like fibre in 2000, shale in 2014, and cannabis in 2019, the technology or product is real but the capital cycle will be brutal. Investors beware.

Why we should follow Canada and cut migration

An explosion in low-skilled migration to Australia has depressed wages, killed productivity, and cut rental vacancy rates to near decades-lows. It’s time both sides of politics addressed the issue.

Are LICs licked?

LICs are continuing to struggle with large discounts and frustrated investors are wondering whether it’s worth holding onto them. This explains why the next 6-12 months will be make or break for many LICs.

Australian house price speculators: What were you thinking?

Australian housing’s 50-year boom was driven by falling rates and rising borrowing power — not rent or yield. With those drivers exhausted, future returns must reconcile with economic fundamentals. Are we ready?

Retirement income expectations hit new highs

Younger Australians think they’ll need $100k a year in retirement - nearly double what current retirees spend. Expectations are rising fast, but are they realistic or just another case of lifestyle inflation?

Welcome to Firstlinks Edition 627 with weekend update

This week, I got the news that my mother has dementia. It came shortly after my father received the same diagnosis. This is a meditation on getting old and my regrets in not getting my parents’ affairs in order sooner.

  • 4 September 2025

Latest Updates

Shares

Why the ASX may be more expensive than the US market

On every valuation metric, the US appears significantly more expensive than Australia. However, American companies are also much more profitable than ours, which means the ASX may be more overvalued than most think.

Economy

No one holds the government to account on spending

Government spending is out of control and there's little sign that Labor will curb it. We need enforceable rules on spending and an empowered budget office to ensure governments act responsibly with taxpayers money.

Retirement

Why a traditional retirement may be pushed back 25 years

The idea of stopping work during your sixties is a man-made concept from another age. In a world where many jobs are knowledge based and can be done from anywhere, it may no longer make much sense at all.

Shares

The quiet winners of AI competition

The tech giants are in a money-throwing contest to secure AI supremacy and may fall short of high investor expectations. The companies supplying this arms race could offer a more attractive way to play AI adoption.

Preparing for aged care

Whether for yourself or a family member, it’s never too early to start thinking about aged care. This looks at the best ways to plan ahead, as well as the changes coming to aged care from November 1 this year.

Infrastructure

Renewable energy investment: gloom or boom?

ESG investing has fallen out of favour with many investors, and Trump's anti-green policies haven't helped. Yet, renewables investment is still surging, which could prove a boon for infrastructure companies.

Investing

The enduring wisdom of John Bogle in five quotes

From buying the whole market to controlling emotions, John Bogle’s legendary advice reminds investors that patience, discipline, and low costs are the keys to investment success in any market environment.

Sponsors

Alliances

© 2025 Morningstar, Inc. All rights reserved.

Disclaimer
The data, research and opinions provided here are for information purposes; are not an offer to buy or sell a security; and are not warranted to be correct, complete or accurate. Morningstar, its affiliates, and third-party content providers are not responsible for any investment decisions, damages or losses resulting from, or related to, the data and analyses or their use. To the extent any content is general advice, it has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Articles are current as at date of publication.
This website contains information and opinions provided by third parties. Inclusion of this information does not necessarily represent Morningstar’s positions, strategies or opinions and should not be considered an endorsement by Morningstar.