Plenary fills chunk of Footscray Hospital
Parkwood Green Medical has leased a large piece of a prominent office, part of the Footscray Hospital, nearing completion in Melbourne’s inner-west.
The 800 square metre ground floor space will trade as a GP super clinic.
The initial lease term is 15 years upon opening early next year.
Parkwood will then have options.
The centre will complement medical centres at Cobblebank and Hillside, in the outer west, and Romsey, north of town.
Hospital filling up
CBRE’s Kai Wang and Sandro Peluso brokered the deal for the Plenary Health led consortium delivering the $1.5 billion Footscray Hospital for the state government and Western Health.
“Against this backdrop, the expansion of practices like Parkwood Green Medical into larger, purpose-built facilities at major health precincts like the new Footscray Hospital reflects a key strategy for addressing these market conditions,” Mr Wang said.
“By consolidating services and offering a super clinic model, these practices can create more efficient, multidisciplinary environments that improve patient access to care and enhance the appeal of general practice as a career for new doctors,” according to the executive.
“This trend highlights the importance of strategic property and infrastructure investment in supporting the long-term sustainability and growth of Australia’s primary healthcare sector” he added.
Footscray Hospital is expected to contain over 500 beds and care for over 15,000 patients per year.
Some 20,000 are expected to visit the emergency department annually, Mr Wang said.
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