Topic - Acquisitions

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

Feb 01 2023 Updated May 3, 2023

Section Editor

1 min read

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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