Healthcare

Melbourne’s medical property market is heating up with second day hospital put up for sale this year.

A new Belgian Gardens apartment complex Garden Hills, will inject $10 million into the Townsville economy and is expected to be a catalyst for further investment.

Cheltenham’s Chesterville Day Hospital could be a healthy investment for buyers, put up for sale just weeks before the federal election.

An international investor has splashed $4.51 million on a property in Sunbury’s retail hub.

A partnership between Heathley Asset Management and inter­national property company Grosvenor Group has sealed its first deal, buying the Westside Private Hospital in Brisbane for $61.7 million.

International property groups are positioning to take stakes in the $2.5 billion Healthscope real estate empire with Canada’s NorthWest Healthcare Properties raising funds to back its purchase and investors tipping New Zealand’s Vital Healthcare Property Trust may follow suit if it can make a deal stack up.

A red hot sale of a Country Fire Authority office in Lilydale has been sealed, with the building snapped up by a health organisation.

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.