Aged care provider splashes $14 million in Melbourne
Aged care provider splashes $14 million at Brunswick in Melbourne
The anonymous provider beat off rival offers from another operator and an Asian developer to secure the 5200m2 site on the corner of Brunswick Rd and Barkly Street.
They are just one of a number of aged care providers looking to build in Melbourne’s waterside and eastern suburbs.
Bupa recently paid $23 million for the empty Oakleigh South primary school in Beryl Road.
But their first development application for a 115 unit development was rejected and the second for a 67-unit project was still awaiting approval.