Private Sector to Develop Melbourne's Next Hospital

50 Burwood Road, HawthornMELBOURNE’s next hospital and major medical clinic will be developed by the private sector in Hawthorn.

The City of Boroondara council has issued a permit allowing for the former VECCHI building at 50 Burwood Road to be converted from offices into a 40-bed hospital, and associated medical centre allowing up to 15 practitioners.

Sydney-based Healthbridge, a health based fund of manager Ironbridge, outmuscled several residential property developers to buy the prominent Hawthorn site for $17.1 million in April. It struck a deal to relocate the office tenants that were still based at the office, while pushing its conversion plans with council.

Read more...



Posted originally: 2010-09-05 09:26:00

Read Full Article
 
< Prev   Next >