Knight Frank’s Healthcare and Life Sciences team is expanding in response to growing demand for investment opportunities in the sector in Australia, with Clem Stack moving into the team in Queensland.
Mr Stack joins as Sales Executive, Healthcare and Life Sciences, and will work alongside Sam Biggins, Knight Frank’s National Head of Healthcare & Life Sciences.
Clem has more than five years of experience in commercial property and at Knight Frank, starting his career at the firm as a Commercial Valuation Analyst before progressing to an Investment Sales Analyst and later as Sales Executive in Capital Markets.
Mr Biggins said he was thrilled to have Clem joining the team officially, at a time of growing demand for healthcare real estate services in Australia.
“Having worked alongside Clem in the Capital Markets team on $20 million of healthcare transactions to date, I am really excited to have him join our team permanently as we continue to expand on a national basis,” he said.
“Clem is currently advising on over $35 million in primary care, allied health, senior living and Specialist Disability Accommodation transactions across Queensland, supporting a broad client base spanning investors, developers and owner-occupiers.
“The demographic shift and consequent long-term demand for healthcare and adjacent services in Australia is unabating; Knight Frank is committed to supporting the development and investment into property infrastructure that will support the delivery of these essential services.
“We are looking forward to providing our clients with a strengthened team and continuing to provide the very best service.”
Mr Stack said he was delighted to have a strategic partnership with Mr Biggins, and be providing a valuable service to clients in an emerging and growing sector.
“Healthcare is a defensive asset class that continues to attract increasing interest from investors seeking portfolio diversification,” he said.
“Queensland remains a key market, supported by strong population growth and demand for essential services.
“The primary care sector, in particular, remains highly attractive, and coupled with the generational transition underway by owner-occupier GPs creates acquisition opportunities for investors seeking defensive assets against the backdrop of broader economic volatility.
“As a dedicated healthcare team, we are well positioned to support our clients across all subsets and value points of the healthcare real estate sector.”