We are thrilled to share our role in Australia’s most significant healthcare transaction this year—the sale of Epping Private Hospital and Medical Centre, initially developed as Epping Medical Centre. The centre is located at 230 Cooper Street, Epping, within our expansive 120-ha Northpoint Enterprise Park.
From Inception to Fruition
Developed by McMullin in 2009 in collaboration with local businessman Mr. Bob Scanlon, the project exemplifies our commitment to building strong partnerships. Epping Medical Centre initially offered a comprehensive range of medical services, including cardiology, oncology, radiology, general practice and more, offering tailored solutions for the community’s diverse healthcare needs. This facility evolved in partnership with North West Health to include a Private Hospital, broadening its scope and services and rebranding to the Epping Private Hospital & Medical Centre.
A Strategic Location
The centre is strategically located 18km north of Melbourne’s CBD. It is part of Melbourne’s rapidly growing Northern Growth Corridor, home to some of the city’s fastest-growing suburbs. The centre anchors an established healthcare and medical research precinct opposite the Northern Hospital at Epping.
The Remarkable Sale
KM Property Funds, part of the KordaMentha group, acquired the property for $ 76 million. The sale garnered significant attention, illustrating the asset’s attractiveness due to its inflation-linked income and defensive fundamentals. According to Knight Frank, “the population of Melbourne’s Northern Growth Corridor is forecast to increase by 65 per cent by 2041,” further accentuating the strategic importance of this asset.
Future-Forward Vision
As a dynamic property developer, we look forward to more projects and partnerships that elevate the property landscape in Melbourne.
