The Franciscan Order of Friars Minor has pocketed almost $20m after the sale of some substantial seniors dwelling advancement at Campbelltown.
The Catholic Church purchase based in 1209, marketed that the 6.6ha package in 192 Narellan Road close to the Hume Motorway into Uniting Care.
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Property records reveal that the title deeds officially changed hands by the end of August for $18. 755m.
Owned by the Uniting Church of Australia, Uniting Care is going to have the ability to capitalise of a licensed DA for a seniors residing website that forms a part of their Maryfields Estate. The programs incorporate a provision for around 500 seniors dwellings along with an additional 200 aged care beds. )
The Narellan Road landholding increases the Uniting Church’s $1 billion and land portfolio, which comprises approximately 400 landholdings below its possession in NSW.
Colliers International mind of health retirement dwelling Shalain Singh, that marketed the land by colleague Matthew Meynellsaid it turned out to be a powerful expressions of interest effort, together with Innova Capital playing a vital part in getting the deal within the line.
Apart from information
“They could liaise with the purchaser to come up with a website activation plan and managed the site remediation functions for the conclusion of selling,” he explained.
The Maryfields Estate masterplan has additional developable property for applications including company precincts and residential subdivisions from the precinct, that’s being assembled as a vital company and health hub at the south west.
The website is situated just beyond the Campbelltown CBD and is located across the street in the Western Sydney University campus.
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