In partnership with, St John of God Health Care, the $114.0 million St John of God Berwick Private Hospital will be the second stage of development on the Casey Development Site. This stage will deliver an 18,000 sqm state of the art private hospital located adjacent to the Casey Public Hospital and the Casey Specialist Medical Centre (which the Fund completed in Feb 2015). The hospital will comprise:
- 190 beds, six operating theatres, six birthing suites, a cardiac/vascular catheter laboratory, two endoscopy theatres, medical consulting suites; and
- 12,000sqm of underground car parking (approximately 350 additional car parks).
St John of God Health Care will operate the hospital under a 20 year initial lease term, with the initial rent determined using the Fund’s “return on cost model” at a rate of 8.00%.
Site works commenced during January 2016.