Bendigo Healthcare

BENDIGO

Otway bid for the Bendigo Healthcare Group's accommodation requirement to build 120 apartments and support facilities to house doctors working at the Bendigo Hospital, with the role of principal financial advisor and transaction manager responsible for capital raising and delivery.

We successfully created a 30 year triple net lease for the asset from the originally proposed 20 year net lease and sold down part of our equity position to Qualitas and raised the construction finance for delivery.

Construction was completed in April 2014 and the project sold to New Zealand Super at completion