Raine & Horne Commercial Penrith engaged to market strata space at the new Nepean Health Hub in Kingswood.

JUNE 18, 2019

Cornerstone Building Developments has engaged Raine & Horne Commercial Penrith to seek expressions of interest from the market for the pre- lease and purchase of strata space in a state-of-the-art health hub in the heart of the Penrith hospital precinct at 84-88 Parker Street Kingswood.

“Penrith Council has approved a Development Application for the Nepean Health Hub in Kingswood, a six-level 6,750 square metre medical building that comes with flexible 1,250 square metre floor plates,” said agent John Budin, Sales & Leasing Consultant, Raine & Horne Commercial Penrith. “There will also be three levels of basement car parking for over 180 vehicles and flexible tenancy areas available.”

Nepean Health Hub is adjacent to Nepean Public and Private Hospitals. Benefiting from a $1 billion investment, the hospital precinct will see a massive expansion in the operational capacity of health services to address the needs of the broader community. “The proximity of Nepean Health Hub to the Penrith region medical precinct is sure to attract exceptional enquiry and interest from medical practitioners who are tenants or purchasers,” advised John.

The Hub is also ideally located because of its access to the M4, Great Western Highway and Sydney Rail Network and Kingswood station. “The Hub is just 1.5km from the Penrith CBD, and it is also within easy reach of Western Sydney Airport at Badgerys Creek and the infrastructure associated with that massive project,” John said.

Cornerstone Building Developments (CBD) Director Simon Heazlewood told the Western Weekender that the development will fill a service delivery need for residents in the Penrith area. “According to the Nepean Blue Mountains Local Health District, there are a number of undersupplied services in the area and this development will offer a multi-modal, integrated medical office building to address this need in the region,” he said.

“The Nepean Health Hub is a one-stop health destination and is designed to deliver everything from general practice, specialists, allied health, mental health, diagnostic imaging, dental, pharmacy, research and skin clinics.

“We believe this is great news for the region and look forward to delivering a state-of-the-art facility, bringing together those at the forefront of modern health delivery to fulfill our vision of achieving exceptional health and wellbeing for all communities.”

Construction of the Nepean Health Hub is expected to commence in the next few months and it’s expected to be completed by late 2020.

To register an Expression of Interest, in a pre-lease or strata purchase within Nepean Health Hub, contact Raine & Horne Commercial Penrith on 02 4722 8500 or John Budin Sales and Leasing Consultant on 0449850809.

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.