Construction commences on $70 million 177-bed aged care facility in Melbourne’s Outer East
Health and aged care property investor Australian Unity Healthcare Property Trust, in partnership with aged care operator Infinite Care, today announce that construction on a new 177-bed, six storey aged care home is underway in the outer Melbourne suburb of Knoxfield, Victoria.
Set to open its doors in December 2025, Infinite Care Knox will deliver vital quality aged care services to meet the needs of Melbourne’s outer east. When completed, the six-storey facility will feature 177 beds, state-of-the-art kitchen, dining and recreation facilities as well as an onsite café and club floor that will overlook the Waterford Valley Golf Course and Dandenong ranges. The development will create a wide range of jobs for the local community, both during construction and into the future.
The facility will be owned by the $3.7 billion Australian Unity Healthcare Property Trust, and operated by Infinite Care under a 25-year lease.
Builder Infinity Constructions was awarded the building contract, and Connect Project Management has been assigned to oversee the project.
Tony Partridge, joint Managing Director of Infinite Care said the ageing Knox community will greatly benefit from a new aged care facility in the area.
“With many Knox residents at retirement age and approaching their older years, this home will provide the world-class care and resident experiences that Infinite Care is known for and improve thousands of lives in future years. We’re proud to embark on this project with the support of Australian Unity,” said Mr Partridge.
Chris Smith, General Manager Healthcare Property, said the Infinite Care home enables investors to contribute to Australia’s long-term aged care infrastructure while benefitting from long-term income.
“With the number of Victorians over 60 set to nearly double to 2.3 million by 2046, we are proud to give investors the unique opportunity to participate in the growth of Australia’s aged care service sector while benefitting from income generated by the 25-year lease with Infinite Care."1
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About Infinite Care
Infinite Aged Care is an Australian residential aged care provider with over 30 years’ experience in delivering quality aged care to the elderly. As part of its vision to become a best of breed aged care provider and employer of choice, Infinite Care has continued to expand in recent years with facilities in South Australia, South East Queensland, Cairns, New South Wales in a pipeline across Australia.
Information on Infinite Care can be found at www.infin8care.com.au
About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.
Australian Unity's $3.7 billion Healthcare Property Trust was launched in 1999 and has grown to become one of Australia’s largest and most successful unlisted property funds. The Trust currently owns a portfolio of 102 quality assets, including hospitals, medical clinics, aged-care properties, day surgeries, medical offices, consulting rooms, rehabilitation units, radiology, and pathology centres.