Just China Holdings is rumoured to have spent over $25M to secure the 6,353sqm site at Blackburn Road in Mount Waverley, 16km south-east of the CBD.
The firm has now applied to the local council to demolish the existing Hotel Bruce County and Conference Centre and develop a mixed-use building which will feature a retirement village with 60 independent living units on levels five to nine.
The design by Marchese Partners also boasts a 120-room hotel, eight serviced apartments, 10 townhouses, 47 apartments, a 140-place childcare centre and a range of community facilities including a gym, swimming pool and hydro therapy area.
Just China says it’s “a global investment holding firm that manages and develops an extensive portfolio of companies focusing on real estate, innovation, early learning, education and training as well as consumer products”.
They have been bringing Chinese investment to Australia since forming in 1986. New Zealander Fred Rahme leads their property side. It’s their first venture into the seniors living sector.