Northwest Adds to Pipeline with $600m Geelong Precinct

A $600-million precinct in Geelong and the expansion of a site in Richmond are in the works after an agreement between Northwest Healthcare Properties and Epworth Healthcare.

The development announcement also came with a $127.6-million healthcare reshuffle which sees Epworth sell-off, and leaseback, a number of sites in Victoria.

Canada-based Northwest gained a 50 percent interest in Epworth Geelong in Waurn Ponds for $89.8 million and a 50 percent interest in 4.2ha of land next to Epworth Geelong for $15 million with a commitment to creating an integrated innovation, education and healthcare precinct. Continue here

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