Billed as ‘Australia’s most advanced medical centre’, the development would feature a 70-bed aged care facility, 45 retirement living units, childcare centre and retail space, plus over 7,678sqm of health care services including a day hospital inspired by the Mayo Clinics in the US.
Designed by Kris Kowalski Architects, ‘Collective Health & Wellness’ will be located across two neighbouring towers in Woolloongabba, 2km southeast of the CBD and is directly across the road from the Mater Public and Private Hospitals and the Lady Cilento Children’s Hospital and five minutes from the Princess Alexandra Hospital.
Pikos Group is a private Brisbane-based developer that has worked in residential development for 30 years, but moved into the health and aged care space in 2014. Founder and Managing Director Pedro Pikos will act as Director for the new centre.
The project is being backed by Sydney-based property fund manager Heathley, which has a 40% interest under its Medical Development Fund No. 1 that launched in April last year promising investors “superior risk adjusted returns”.
They are confident the decision will be approved – a full website is already up advertising for co-located health services.