{"id":33419,"date":"2026-06-18T00:59:09","date_gmt":"2026-06-18T00:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/australia\/33419\/"},"modified":"2026-06-18T00:59:09","modified_gmt":"2026-06-18T00:59:09","slug":"charter-hall-buys-brisbane-pathology-hub-for-445m-in-leaseback-deal","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/australia\/33419\/","title":{"rendered":"Charter Hall Buys Brisbane Pathology Hub for $445m in Leaseback Deal"},"content":{"rendered":"<p>The deal, which settled this week, is for the Sullivan Nicolaides Pathology laboratory at 24 Markwell Street.<\/p>\n<p>Charter Hall will initially pay $25-million-a-year in rent. Inflation-indexed rental increases that cannot exceed 3.5 per cent a year are built into the 20-year lease, with Sonic having an option to extend after that.<\/p>\n<p>Charter Hall managing director David Harrison said the deal aligned with the firm\u2019s strategy to invest in essential service assets.<\/p>\n<p>\u201cWe see this new Sonic Healthcare relationship expanding our investment grade corporate relationships with excellent long term secure cash flows for our investor customers,\u201d he said.<\/p>\n<p>ASX-listed Sonic is the world\u2019s third-largest pathology provider, with operations spanning Australasia, Europe and North America across laboratory medicine, radiology and primary care services.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/australia\/wp-content\/uploads\/2026\/06\/Mid_article_resizes__21_.jpg\" alt=\" the Bowen Hills property, which has an estimated worth in the vicinity of $500 million.\"\/>\u25b2 The Bowen Hills property sold for $445 million with an initial leaseback deal of $25 million a year.<\/p>\n<p>The purpose-built facility is near the Brisbane CBD and hospitals.<\/p>\n<p>It is the central pathology testing hub for a network that receives daily samples from more than 450 collection centres and more than 20 laboratories across Queensland, northern New South Wales and the Northern Territory.<\/p>\n<p>The company is considering further sale and leaseback transactions at some of its other sites.<\/p>\n","protected":false},"excerpt":{"rendered":"The deal, which settled this week, is for the Sullivan Nicolaides Pathology laboratory at 24 Markwell Street. Charter&hellip;\n","protected":false},"author":2,"featured_media":33420,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3766,99,7065,7898,29773,3032,21611,5940,212],"class_list":["post-33419","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brisbane","tag-asset-sale","tag-brisbane","tag-cbd","tag-commercial","tag-healthcare-aged-care","tag-institutional-investment","tag-investment-activity","tag-life-sciences","tag-queensland"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/33419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=33419"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/33419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/33420"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=33419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=33419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=33419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}