Free early accessis open for residential development teams. Start modelling today.

Start modelling
Healthcare · Sector in build

Healthcare feasibility, built around tenant mix.

Medical NLA, tenant mix, lease terms and stabilised NOI for medical and consulting property. Popurise is live for residential today and is expanding into healthcare next.

Register interest View residential model

Why this sector

Stop modelling medical with an office template.

Healthcare feasibility lives on anchor covenant, specialty mix and stabilised yield. Spreadsheets that quote one rent rate miss the dynamic that drives the deal.

The old way
Modelled like a small office.

Medical fit-out hidden in build costs. Anchor and specialty tenants blended. Stabilised NOI estimated at the end.

With Popurise
Modelled like medical.

Anchor and specialty tenants, medical fit-out and stabilised NOI connected in one workspace.

Medical is anchor-and-specialty.Tenant mix, rent, fit-out and stabilised yield in one workspace.
  • 01

    Anchor and specialty rent.

    Anchor pathology or imaging covenant priced separately from consulting suites.

  • 02

    Medical fit-out front and centre.

    Higher fit-out cost than office, modelled per use type.

  • 03

    Outgoings as triple-net.

    Recovery on medical lease structures handled cleanly.

  • 04

    Stabilised NOI at the top.

    Gross income net of vacancy, opex and reserve.

  • 05

    Compare tenant mix scenarios.

    Anchor-heavy and consulting-heavy cases in one project.

  • 06

    Hold IRR not just margin.

    Equity IRR across construction, leasing and exit.

The spreadsheet problem

Stop letting the spreadsheet quote one rent.

Medical buildings live on anchor tenants, specialty mix and longer lease terms. Most workbooks treat them as a small office and miss the inputs that price the deal.

  • 01One rent rate across the buildingRent by tenant type
  • 02Anchor and specialty blendedAnchor and specialty modelled separately
  • 03Medical fit-out absorbedFit-out cost by use type
  • 04Outgoings recovery manualTriple-net recovery as standard
  • 05Stabilised NOI hand-reconciledStabilised NOI live in outputs
  • 06Hold IRR ignoredEquity IRR across construction and exit
  • 07Final_v6 becomes the systemOne live project, one scenario set

The difference

Run healthcare feasibilities faster.

Spreadsheets quote office rates. Generic property tools cannot model medical fit-out cleanly. Popurise is being built around the inputs that decide a healthcare deal.

What you get
Excel workbookBuild it yourself
Spreadsheet templateOff the shelf
Legacy softwareTrained user tool
PopuriseBuilt around the deal
Best fit
Custom-built lease-by-lease
Office templates
Trained users
Healthcare feasibility
Rent basis
Per sqm averaged
Per sqm averaged
Available, heavy
Anchor and specialty separately
Medical fit-out
Absorbed
Limited
Process-heavy
By use type
Outgoings recovery
Manual
Limited
Heavy
Triple-net or net as inputs
Stabilised NOI
Hand-reconciled
Manual
Available with effort
Live output
Hold IRR
Not modelled
Limited
Heavy
Across construction and exit
Scenario testing
Copy files
Manual
Heavy
Side by side
Version control
File chaos
File chaos with formatting
Better, but heavier
One live project

Get to the answer faster, without spreadsheet mess or software bloat.

Register interest

How it works

Three steps to a faster healthcare decision.

Model the building, compare tenant mix cases and decide whether the scheme is worth pricing.

Step 01

Model the deal

Set the site, medical NLA, anchor and specialty rent, fit-out and exit yield in one workspace.

Step 02

Compare the cases

Test anchor-heavy, consulting-heavy and balanced as scenarios without copying files.

Step 03

Make the call

See yield on cost, stabilised NOI and hold IRR. Decide what gets the next round.

What the model handles

A healthcare model, not a renamed office build.

The Popurise healthcare model is being scoped around medical NLA, tenant mix, fit-out cost, recovery and exit yield, for Australian developers.

01

Site and NLA

Site areaGFAMedical NLAAnchorSpecialty

02

Land and acquisition

Land costStamp dutyAcquisitionSettlement

03

Build costs

StructureMedical fit-outConsulting fit-outServicesContingency

04

Rent and leasing

Anchor rentSpecialty rentIncentivesTermEscalation

05

Outgoings and opex

OutgoingsRecoveryVacancyReserve

06

Finance and exit

LVRInterestCap rateExit value

07

Programme

AcquisitionConstructionLeasingStabilisation

Popurise model

Inputs stay connected. Change the deal, see the answer move.

Output · PlannedDriven by sector-specific assumptions

Returns

Yield on cost6.4%
Stabilised NOI$5.6M
Exit value$92.0M
Development profit$14.4M
Development margin18.6%
Anchor rent$540/sqm
Equity IRR15.4%
Peak debt$58.0M

  1. Development directors

    Decide which medical schemes are worth chasing.

  2. Acquisition teams

    Screen sites against a target yield on cost.

  3. Leasing teams

    Sanity-check anchor covenant and specialty rent.

  4. Asset managers

    Stress-test exit cap rate and stabilised NOI.

  5. Funds and investors

    Sanity-check stabilised value against the cost stack.

Why it exists

A better way to run healthcare feasibility.

Popurise is being built around the inputs that decide a healthcare deal: tenant mix, medical fit-out, stabilised NOI and exit yield, in one workspace.

Built for healthcare

Model medical NLA, anchor and specialty rent, fit-out, opex and exit yield in one workspace designed around stabilised value.

Made for faster site screening

Use Popurise to test whether a medical scheme is worth bidding before the deeper bid model is built.

Clearer than spreadsheet files

Keep tenant mix scenarios, opex and cashflows together so the stabilised answer is easy to review.

Popurise helps healthcare teams replace fragile workbooks with a cleaner browser-based workspace for healthcare feasibility and stabilised yield review.

Questions

Healthcare feasibility, answered.

Straight answers on how Popurise will handle healthcare feasibility for Australian developers.

Is the healthcare model live today?

Not yet. Popurise is live for residential development feasibility. Healthcare is a future sector being scoped on the same platform.

How is tenant mix modelled?

Anchor tenants like pathology and imaging are modelled separately from consulting suites. Each has its own rent, term and incentive package.

How is medical fit-out handled?

Fit-out cost varies by use. Anchor, consulting and procedural fit-out are separate inputs with separate cost rates.

How are outgoings handled?

Triple-net or net structures supported. Recovery is modelled per tenancy. The output panel shows gross and net income separately.

What is the exit treatment?

Stabilised NOI capitalised at an exit yield, less sale costs. Sensitivity bands on yield are part of the scope.

Will it support day hospital and procedural rooms?

Yes. Day hospital, procedural rooms and consulting suites are being scoped as separate use types.

How do I register interest?

Use the Register interest button. Tell us how your team currently models healthcare and what would help.

Want to shape healthcare feasibility in Popurise?

Tell us how your team models healthcare today. We are building this with the developers who will use it.

Register interest View residential model