The Burnet Tower is a purpose built, seven story healthcare building completed in 2002. Owned subject to a long-term ground lease (>35yrs remaining), the building comprises a mix of research, clinical, laboratory, educational and uses. Major tenants include leading health research institution, The Macfarlane Burnet Institute and Monash University. Highly specialized PC2 and PC3 laboratories for scientific research are also housed within the Burnet Tower. The adjoining Alfred Centre, also owned and managed by Northwest, provides synergies for key tenants Burnet Institute and Monash University.

The Burnet Tower is located 5 kilometres south of the Melbourne Central Business District, within the renowned Alfred Health Precinct. The precinct is built around The Alfred Hospital, a leading tertiary teaching hospital and the second oldest in Melbourne, offering a total of 638 beds and a wide array of services and specialized medical procedures, including but not limited to an intensive care unit, an infectious diseases unit, a lung transplant unit, a hyperbaric unit, and a burns unit. The site is extremely well serviced by public transit with direct bus and tram services immediately surrounding the site and South Yarra Railway Station 1km north-west.