FINI Group is LandCorp’s preferred proponent for the fist stage of the Murdoch Health and Knowledge Precinct expected to deliver a $200 million project with five buildings in three years.
It will include the State Government’s promised Medihotel, a 150-bed aged care facility, a super medical clinic, short-stay accommodation, and 175 residential apartments, with 30 per cent to include affordable housing.
A further 6080sq m of commercial, retail and amenity space will be available.
Stage 1 comprises 1.2ha bounded by Barry Marshall Drive, Fiona Wood Road and Bedbrook Row with buildings ranging from six to 15 storeys.
Aged care provider Aegis will deliver the 60-room Medihotel that will cater for patients recovering from treatment at Fiona Stanley Hospital or St John of God hospitals, and the precinct’s aged care facility.
A working group to determine details of the Medihotel’s operation will involve the two hospitals, Department of Health, Aegis, LandCorp and Fini Group.
Deputy Premier and Health Minister Roger Cook announced work would begin next year on the state’s first Medihotel, expected to open by 2021.
“Today’s announcement marks the first of these specialist Medihotels; others will follow, ensuring high-cost, high-care beds in our major hospitals are freed up for those most in need as we deliver on our promise to put patients first,” Mr Cook said.
The precinct project will be delivered with no cost to, nor subsidy from, the Government with Fini Group director Adrian Fini confirming he hopes the Medihotel will make a profit.
Companies or investors interested in Stage 1 opportunities should call development manager Ian Smyth on 9383 0700.