Healthcare

Robots and gardens have helped a regional hospital to beat luxury apartments and high-end shopping plazas to be named Victoria’s Development of the Year.

A flourishing healthcare property fund has added three medical centres worth $22 million to its portfolio. 

Australia’s largest Catholic hospital operator, St John of God Health Care, has short-listed at least two medical real estate groups interested in buying its $400 million portfolio in the two-stage sale and leaseback and funding deal it kicked off in May. This article originally appeared on theaustralian.com.au/property.

Developers are expected to circle Adelaide’s Wakefield Hospital and Clinic, with the private CBD facility on the market with a big price tag.

Vacancy levels in the Brisbane CBD are predicted to peak at 19% this year, but industry commentators are confident growing demand from the health care and IT industries will counteract any further rise.

What does record low interest rates, solid yields and fierce competition in metropolitan areas mean for investors? They’re moving into regional Australia.

The Sunshine Coast’s property market is preparing for its own version of Australia’s “mining boom”, as the development of the region’s $5.3 billion Oceanside Health Hub gathers pace.

Australian Unity is boosting its commitment to Brisbane with the purchase of an $80m office block near the Royal Brisbane Hospital. This article originally appeared on theaustralian.com.au/property.

Food and convenience store operators are being sought to become the first tenants of Victoria’s new Bendigo Hospital.