Historic Loreto Nedlands sold, set for repurpose
It is the end of an era in Perth’s ritzy Nedlands with the Loreto Sisters selling the historic ex-Loreto Nedlands after 94 years.
Hall & Prior Health & Aged Care is the buyer, for $28.82 million.
An aged care facility and wellness centre is earmarked for the 1.89 hectare site, 69 Webster Street, also exposed to Stanley and Elizabeth.
Historic buildings would be retained as part of the design, also expected to include some kind of public amenity.
It would be the group’s 40th retirement home – outside of Western Australia, its owns and operates ACT and New South Wales complexes.
Last July we reported it bought Kiama’s Blue Haven Bonaira, south of Wollongong, from the local council, for $95m.
The West Perth headquartered family owned group also has a home care service.
Hall & Prior makes it 40
Citing changing demographics negatively affecting its catchment, the Province Council of Loreto Australia and South East Asia with Loreto Ministries announced three years ago it would close the primary school it developed and opened in February, 1931.
The land was initially earmarked for a university college.
The last class was at the end of 2023.
With the sale, the not-for-profit has no more schools in Western Australia.
It has seven though outside the state.
Charter Keck Cramer’s Jessica Crossland and Patrick McNulty were the transaction advisers.
Knight Frank’s Tony Delich and Zac Schreier were the agents.
Nedlands is about seven kilometres south west of Perth’s CBD.
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