NorthWest invests in Campbelltown, Kellyville
NorthWest Healthcare Group, through its New Zealand listed Vital Healthcare Property Trust, will team with the Campbelltown City Council to develop a public site into a major medical precinct.
As part of the deal, NorthWest will acquire a leasehold for the 2.784 hectare parcel from the city.
About 32,000 square metres of product will then be delivered in phases.
The initial private investment is put at c$76.6 million.
“The opportunity to secure a site in the heart of Campbelltown, one of the fastest growing cities in Australia, around 50 kilometres south west of the Sydney CBD and 20 km south west of Liverpool, was a strategic priority for NorthWest,” the group’s senior vice president, Precincts, Alex Belcastro said.
“There is already an underservicing of private healthcare facilities in this region,” she added.
“The site we have acquired on which the healthcare precinct would be developed, adjacent to the cancer centre, is likely the only healthcare development opportunity remaining in Campbelltown, and we look forward to bringing together the best healthcare providers to improve and expand the delivery,” according to the executive.
NorthWest at Campbelltown
Set to begin, the first stage is a four storey, 2713 sqm cancer centre and research hub (artist’s impression, top) to be operated by GenesisCare in partnership with local specialists, a diagnostic imaging provider and pathology provider.
Expected to cover just 16 per cent of the 4473 sqm block, the asset will also include 65 car parks.
Due for completion in mid-2023, it carries an end value of $52m.
The remaining land – 2.34ha – will form the later stages, and be developed longer term with a healthcare hub to service the south east.
More car parks will be constructed too.
“We are thrilled to announce this acquisition and the start of stage one,” Ms Belcastro, said.
“This further expands our long-held partnerships with GenesisCare and will importantly service the demand for healthcare services in this…corridor,” she added (story continues below).
“We look forward to then developing long-term plans for a state-of-the-art healthcare precinct, where NorthWest will look to combine complementary health services, once we have obtained the required level of tenant pre-commitment,” according to the executive.
NorthWest buys site to extend The Hills Clinic
Meanwhile north west of Sydney, NorthWest, again through VHPT, has acquired a parcel opposite it’s The Hills Clinic mental hospital at Kellyville.
The 4340 square metre block at the north east corner of McCausland Place and Memorial Avenue, is understood to be costing about $12 million.
On it, NorthWest is planning a two storey extension of The Hills, adding about 85 rooms, hospital and treatment services and 120 car parks.
Aurora Healthcare Australia, which operates The Hills, will manage the new facility too.
“The Hills is experiencing significant growth in demand for the critical services it provides, and we’re pleased to continue working with Aurora to meet this demand,” NorthWest executive director, Portfolio, Richard Roos, said.
“The provision of high quality treatment facilities for mental health patients is increasingly critical in our community and mental health is a materially under-serviced part of the Australian healthcare industry,” he added.
“The effects of the pandemic and associated lockdowns have further exacerbated the demand for mental health treatment, and we sought to meet this demand mid-year by expanding The Hills Clinic to increase the number of beds by 44 per cent up to 85,” according to the executive.
“We look forward to increasing this capacity through our new development with Aurora”.
A development application will be applied for immediately with construction expected to start next year and take about 15 months.
The first patients could be welcomed by late 2024, NorthWest said.
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