A new $100 million healthcare precinct will be built in northern Adelaide to bolster health and medical services in the region.
Northern Health Consortium is seeking tenants for a 10,000 sq m site within the Healthia development adjacent to Lyell McEwin Hospital in Elizabeth Vale, creating one of the largest health and medical precincts in South Australia.
In collaboration with ACH Group it will construct two purpose-built buildings for public and private ambulatory care, mental health services, general practice services, diagnostic imaging, pathology, medical consulting rooms and childcare.
A new multi-storey car park will also be built to help ease parking congestion at Lyell McEwin Hospital.
The development will create 200 new jobs during construction and about 150 ongoing jobs once the precinct opens.
Construction is scheduled to start early next year. Completion is expected in 2021.
Northern Health Consortium comprises Barwon Investment Partners, Leyton Property and Accord Property, with the latter two firms responsible for delivery of the precinct.
The precinct will support private, public and not-for-profit healthcare services, and form part of the Barwon Institutional Healthcare Property Fund.
The fund was launched in December 2016 and has invested nearly $500 million of capital on behalf of domestic institutional investors.
Its investment strategy targets healthcare properties such as private hospitals, medical centres, day surgeries and allied health facilities in cities and regional centres.
Accord Property Managing director LachyHogarth there was a clear shortfall in community medical services in the region.
The new development will complement ACH Group's ViTA initiative at Healthia, which will combine residential care of up to 120 places, restorative health services, teaching, wellbeing and support services for people aged 50 plus and younger people with a disability, a community hub and education and training facilities.
Leyton Property managing director Hamish Brown said a campaign seeking expressions of interest from potential occupants would be launched soon.
