This article is from the Australian Property Journal archive
NEW Zealand group Ryman Health Care has acquired 1.2-hectae former Coburg high school site for its fifth retirement village in Melbourne.
The Bell Street property in the city’s inner-north was purchased from private developer Double LZ Development, which last year obtained approval for a five-tower, 391-apartment project.
The developer acquired the site for $10.3 million three years ago.
Ryman plans to develop a $200 million village on the site, featuring independent living and serviced apartments, an aged care centre and dementia care services.
Australian Property Journal
