HESTA and Industry Super Property Trust have invested $140 million to develop a medical office building in Melbourne, their first direct property acquisition in the healthcare and life sciences sector.
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St Vincent s Hospital plans to demolish its building overlooking Carlton Gardens and replace it with a new 11-storey tower, raising concerns the glass alien would impact the World Heritage value of the Royal Exhibition Building.
The redevelopment would see the 11-storey Aikenhead building on the corner of Victoria Parade and Nicholson Street razed, along with parts of the Daly Wing and Brenan Hall where the facade would be retained.
The proposed development on the corner of Victoria Parade and Nicholson Street.
Credit:Denton Corker Marshall
The new 11-storey building, set to be called the Aikenhead Centre for Medical Discovery, would house a research and training hub, a ground-floor cafe and boast additional rooftop and basement floors.