Topic - acquisitions
Regis buys $15M Carlingford development site from Japara property portfolio

HBB Properties Pty Ltd and Japara Healthcare have sold an aged care development site in Sydney’s Carlingford to Regis Aged Care.

The site – which was not part of Calvary Health Care’s acquisition of Japara - is DA approved for a 118-bed facility over three levels with generous floor to space ratios for residents.

The site is located 27 km north of Sydney CBD at 43-47 Murray Farm Road, Carlingford.

The sale price is believed to be around $15 million.

Phil Smith of Health Aged Care Confidential, who managed the off-market sale, said, “This site was a one-off opportunity that suited a quality operator.

“Sites of this quality are very hard to find and even in a challenging building environment a quality site will always be in demand.”

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