First stage development to commence at Murdoch Health and Knowledge Precinct
April 14, 2018
Hesperia and LandCorp have confirmed their Murdoch Health and Knowledge Precinct partnership, signing a contract that will see Stage 1A construction commence in early 2019, and work completed in early 2021.
The vision for Murdoch Health and Knowledge Precinct is for commercial, health and research facilities, residential, retail, short-stay and student accommodation to provide a genuine innovation hub in a village centre near existing healthcare and transport infrastructure.
Murdoch Health and Knowledge Precinct will deliver student accommodation, residential apartments, a 150-bed aged care facility, short-stay accommodation, 12,500 square metres of medical and commercial space, and 5000 square metres of commercial retail and amenity space.
The Precinct will also include Western Australia’s first medihotel, supporting Fiona Stanley and St John of God hospitals to free up high-care, high-cost hospital beds, helping to reduce patient wait times. Aegis Aged Care Group will operate the medihotel and aged care facility.
“This [contract signing] milestone will now allow the evolution of what we believe will become one of the southern hemisphere’s leading and most innovative medical and activity centre precincts,” Hesperia director Kyle Jeavons said.
Murdoch Health and Knowledge Precinct will be developed in two stages over 10 to 15 years, under a plan to underpin the Murdoch Activity Centre. Across its full development schedule, the project will create 35,000 jobs and deliver homes for 22,000 residents and up to 44,000 students.