The not-for-profit provider, which has 13 residential aged care homes across Victoria, has sold the site of its former Brighton East home. The vacant site, which is located 11km from the Melbourne CBD, covers approximately 5,751sqm and had been tipped to sell for more than $11 million.
The site was marketed as an opportunity for a luxury residential development and community and health groups, but the agent for the property confirmed it had been snapped up by another aged care provider.
General Manager Strategy, Infrastructure and Housing Chris Karagiannis said The sale of this holding will allow Benetas to expand its services into key target areas where need is highest, by reinvesting all funds back into improving services and support for our clients.
