Author: Jack Brown

As the financial year draws to a close, we find ourselves reflecting on the many conversations had about the “state of the market” for pharmacy transactions. It’s a topic that seems to be constantly on people’s minds, and for good reason. With all the changes and uncertainties faced by the industry, it’s only natural to seek some clarity. This article takes a deep dive into the AP Group transaction data to share what we’ve learned in the financial year that was FY24. To get the most accurate snapshot, we focus on the four key indicators: Average Sale Price, Capitalisation Rates,…

When talking to pharmacists about their key acquisition criteria, many often say that they are not interested in any shopping centre opportunities and will instantly dismiss any pharmacy located inside a centre owned by one of the major landlords i.e. Westfield, QIC, Charter Hall etc. While I recognise that shopping centre pharmacies may face some challenges that strip pharmacies do not, they also have advantages that strip pharmacies do not have, and should be assessed on a ‘case by case’ basis like any other opportunity. There are few key considerations when reviewing a shopping centre opportunity, and I’ve outlined some…