Centuria Capital Group has commenced construction on the new $75m Adeney Private Hospital in Kew, Melbourne, Australia.
Located on the corner of Adeney Avenue and Cotham Road in the east Melbourne suburb of Kew, the new four-storey no gap private hospital will include a procedure room, four operating theatres, and an endoscopy theatre.
The 4,696m2 hospital building will also feature a chemotherapy infusion clinic, 30 beds, radiology services and a two-level subterranean car park with 80 spaces.
It replaces a decommissioned hospital on the same 209 Cotham Road site that was demolished in May this year.
Adeney Private Hospital will offer plastics, gastroenterology, general surgery, ear, nose, and throat (ENT), orthopaedics services, vascular, urology, anaesthetics, oncology, and radiology.
It will be operated by a joint venture of a 42 specialised medical professionals’ group and Medibank through its Amplar Health business.
A joint venture between Centuria and an investment vehicle backed by Morgan Stanley Real Estate Investing, Centuria Prime Partnerships (CPP) is developing the facility as a fund-through project.
CPP will also retain the ownership of the building after construction concludes.
Centuria Healthcare managing director Andrew Hemming said: “We are proud to be part of this original development that sets a new benchmark in Australian healthcare, aligning the interest of patients and operators and creating more cost effective and care oriented outcomes.
“Centuria has worked closely with the operator to design a fit-for-purpose property that caters to modern healthcare procedures including specifically curated operating theatres and recovery spaces to maximise operational efficiency.”
Construction work on the new hospital is planned to proceed for 21 months and is expected to be completed in mid-2024.
For the project, construction company Hansen Yuncken has been appointed as the building contractor.