Originally appeared in Commo.
A brand new healthcare facility Nundah sold for $51.25 million to RAM Healthcare facilitated by RWC Medical agents Franz Stapelberg, Chris Meyer, and Jess Meyer on behalf of the developer.
A brand new healthcare facility in Nundah has been bought by an institutional fund for $51.25 million.
Located at 20 Nellie street the sale was facilitated by RWC Medical agents Franz Stapelberg, Chris Meyer, and Jess Meyer on behalf of the developer.
The property was purchased by RAM Healthcare Opportunity Strategy.
The property comprises four buildings with 10,000sqm NLA, predominantly for medical use with supporting retail uses. The site currently boasts a diverse range of healthcare operators within the precinct, including Lumus Radiology, Lvy Dental and Lvy Medical, creating a comprehensive healthcare ecosystem.
Further improving the precinctʼs healthcare offerings, the purchaser achieved approval to establish a new state-of-the-art 58 bed private mental health hospital, operated by iMH, which significantly enhances the precinctʼs mental health and wellness focus.
Strategically located for optimal accessibility, the property boasts extensive parking, proximity to public transport, and easy access to local amenities.
Mr Stapelberg said the monumental sale to a prestigious institutional fund not only marks a significant achievement for RWC Medical but also highlighted the thriving demand for specialised healthcare properties in the region.
“The 20 Nellie Street facility epitomises the pinnacle of healthcare infrastructure, combining modern design with the utmost functionality,” he said.
“Designed to accommodate the evolving needs of healthcare providers and their patients, the precinct will enhance the mental health and primary health offering in the wider northern Brisbane corridor.
“RAM Healthcare Opportunity Strategy, which is an institutional fund with a strategic focus on premium healthcare assets, was drawn to the exceptional value and potential of the 20 Nellie Street property.
“In partnership with the hospital operator, the purchaser selected the Nellie Street property due to the suitability of the existing built form being converted to a private mental health hospital and the co-location with the existing public mental health facility.
“This acquisition reflects the broader trend of institutional investments in healthcare real estate, recognising it as a stable and promising asset class amidst changing economic conditions.”
Mr Stapelberg said the transaction was a pivotal moment for RWC Medical and a testament to the robust growth potential within the Australian healthcare property sector
“This significant sale underscores the vital role of specialised healthcare real estate in the contemporary market,” he said.
“At RWC Medical, our mission is to align extraordinary properties with discerning buyers, ensuring healthcare practitioners can deliver superior care in facilities that perfectly align with their operational”