Investment manager Centuria Capital Group (ASX: CNI) is continuing to bolster its healthcare and retail portfolios after securing $223 million worth of assets on behalf of existing institutional partnerships.
Two months after establishing new institutional healthcare property joint venture Centuria Prime Partnership (CCP) with Morgan Stanley Real Estate Investing (MSREI), the joint venture (JV) has acquired a development site in Sydney’s inner-southern suburb of Alexandria.
Expected to be worth $163 million upon completion, the 3,000sqm site will be transformed from an existing single-storey light industrial building into a 10,500sqm seven-level, purpose-built hospital complemented by allied health operators.
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