DevelopmentWA has sold Hesperia and Birchmead Property a building block beside Murdoch’s Fiona Stanley Hospital.
The 3438 square metre parcel, Lot 118, is part of the 9.6 hectare Murdoch Health and Knowledge Precinct.
That master-planned redevelopment’s first stage was only recently permitted – it will add an aged care complex, medical centre and 80-bed Medihotel by 2023.
It will also be delivered Hesperia.
Lot 118 at Murdoch
Lot 118 – at the north east corner of South Street and Fiona Wood Drive – is earmarked for offices, shops and 120 apartments.
The project should rise 10 storeys, Development WA said.
Construction could begin late this year, it added.
“This latest acquisition by Hesperia and Birchmead Property Group demonstrates the confidence held by leading developers in the Murdoch Health and Knowledge Precinct,” according to Western Australia Lands minister Ben Wyatt (story continues below).
“With Hesperia set to begin construction on Stage 1A this year, the planned development on Lot 118 will create more local jobs and is another important step in bringing this world class precinct to life”.
The government said the project aims to deliver a better experience for recuperating patients and free up hospital beds.
It is adjacent to St John of God Murdoch and near Murdoch University, Harry Perkins Institute of Medical Research and South Metropolitan TAFE.
Murdoch Health and Knowledge Precinct is planned to have 1200 dwellings and 45,000 sqm of commercial area.
It is within the Murdoch Activity Centre zone, forecast for 22,000 homes.
CBRE’s Ben Younger and Derek Barlow marketed Lot 118, which has just settled.
Murdoch is about 13 kilometres south of Perth.