Frasers Property Australia has sold a parcel of land in Port Coogee to Regis Aged Care for an undisclosed sum.
Regis has already received development approval for a six-storey, 153-single bedroom residential aged care facility on the 3,800 square metre site.
“Port Coogee offers such a unique location and environment; it affords out clients a luxury setting with exceptional views and experiences which supports the premium quality of care our residents seek,” Regis property general manager Michael Horwood said.
Regis will soon commence a tender process to find a builder for the facility, with construction expected to begin before the end of the year.
It will take about 18 months to build.
“With appealing beaches, a marina, restaurants, apartments, a shopping centre and the soon-to-be added Regis aged care complex, Port Coogee will offer residents the most unique and convenient lifestyle in Perth’s best mixed-use marina development,” he said.
The new shopping centre at Port Coogee is due to open in June.