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© 2024 The Weekly SOURCE
Topic - Aged Care

Jewish Care Victoria offloads huge Melbourne aged care site to fund three ‘best practice’ senior living developments – valued at 200M+

1 min read

The site of the former Jewish Care aged care facility in Caulfield North

The 3683 sqm site in Caulfield North, 11km southeast of the CBD, formerly the Mark and Dina Munzer Community Residence (Munzer) in Caulfield North, is expected to sell for between $10 and $11 million, with the funds to go towards the Not For Profit’s development pipeline which includes:

  • the $85 million St Kilda Road Stage One, The Hannah & Daryl Cohen Family Building, currently under construction;
  • a 120-bed Senior Living Community in Carnegie; and
  • The Anne and Eric Smorgon Active Living Centre, to be built as an extension to Gary Smorgon House in Caulfield.
Top Stories
Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

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Ian Horswill
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Acquisitions

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With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

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