Trident Property Advisory and Cancer Care Associates – a service provider – have swooped on a permit-ready development site opposite Noosa Civic shopping centre.
The partnership is paying $12 million for the 8000 square metre holding, 36-40 Hofmann Drive, Noosaville, about 30 kilometres north of Maroochydore.
A three level, 6363 sqm facility – branded the Noosa Health precinct in planning material – is endorsed (artist’s impression, top).
Trident and CCA will fit it for medical specialist, oncology and radiation services.
The investment house and operator are the latest groups to invest in the precinct.
In February, Dexus concluded a $420m capital raising, part to fund construction of a 7000 sqm Noosaville medical centre following a pre-commitment to GenesisCare.
At 90 Goodchap St, that asset will be held by the Healthcare Property Fund.
Last month, meanwhile, Real Asset Management outlaid $28.5m for the Eden Private Hospital at Cooroy – about 15 kms west of Noosaville.
That seller, NorthWest Healthcare, for the Vital Healthcare Property Trust, paid $23.5m in 2017.
It was offered permit-ready for a $420m extension RAM intends to complete (story continues below).
Spotlight keen to join building boom
Construction of the Trident/CCA Noosaville cancer clinic should begin next month.
“The proposed development…will deliver much needed medical services to the region,” CBRE’s Louisa Blennerhasset, who brokered the off-market land deal, said.
“This transaction demonstrates the ongoing strength of the Noosa market, driven by scarcity of land and development opportunities,” she added.
Elsewhere in the street, #2-20, Spotlight Retail Group has been seeking to develop a large format retail investment part to occupy along with its Anaconda brand.
Despite being considered the area’s last block able to accommodate that kind of product, its initial proposal was rejected in 2021 by the council then, the year later, at an appeal heard by the state’s Planning and Environment Court.
Both authorities also cited economic and community need.
The area has since experienced a COVID-led population boom.
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