Press Release
Noosa medical development site sold for $12 million
Sunshine Coast
July 6, 2023
Media Contact
Senior Communications Specialist, Australia
Trident Property Advisory, in a joint venture with Cancer Care Associates, has purchased a premium Noosa medical development site for $12 million.
The 8,000sqm Hofmann Drive site has approval for a major medical precinct, which will provide a large cancer care clinic including radiation oncology, along with a range of specialist medical services.
CBRE Sunshine Coast’s Louisa Blennerhassett brokered the deal in an off-market transaction, achieving a sale price of $1,500/sqm.
“This transaction demonstrates the ongoing strength of the Noosa market, driven by scarcity of land and development opportunities,” Ms Blennerhassett said.
“The proposed development for this site will deliver much-needed medical services to the region. It is anticipated that construction will commence in August this year.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.