The development is a five-level mixed-use complex consisting of 46 apartments, 565 sqm of retail space and 2,130 sqm of commercial space.

It is centrally located in Sunshine’s recently developed central business and shopping district, and offers hotel-quality apartment residences, together with retail and office space, in an elegant setting.

Of the 46 residential apartments, 17 apartments are allocated for specialist disability accommodation and have been purchased by a specialist disability fund. The other 29 apartments have been acquired for affordable housing by two separate affordable housing providers, Uniting Church and Homes Victoria.

The office space has been leased by the Victorian State Government and the six retail spaces on the ground floor are currently being advertised to be let.

Esther Kerr, Chief Executive Officer, Wealth & Capital Markets, Australian Unity, said, The Hampshire reflects Australian Unity’s commitment to providing critical social infrastructure such as specialist disability accommodation and affordable housing.

“We know the demographics of Melbourne’s west calls for increased investment in vital health and social services. This important social infrastructure and the services that it will provide are critical to the wellbeing of the local community”, she said.

Roy Prasad, General Manager, Mortgages, Australian Unity, said The Hampshire expands Australian Unity’s existing footprint in Melbourne’s west growth corridor which includes the recently opened $140 million Sunshine Private Hospital.

“This mixed-use facility is another demonstration of how investors continue to benefit from Australian Unity’s approach to identifying development opportunities to meet the needs of communities in key growth corridors”

The development was completed by a joint venture arrangement between Angelo Property Group, Rathstation Group and a private landowner. Hamilton and Marino built the facility and Fusion Project Management were the project managers. The Hampshire was completed on time and on budget.   

-ENDS-

 

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About Australian Unity’s Select Income Fund
Australian Unity's Select Income Fund is a contributory mortgage fund that provides investors with the opportunity to receive monthly payments by investing in a range of first registered mortgage loans. A contributory mortgage fund gives investors the freedom to invest in their choice of any of the fund’s available loans. Each first registered mortgage is a stand-alone investment called a Syndicate-Fund.

Important information
Interests in the Australian Unity Select Income Fund are issued by Australian Unity Funds Management Limited ABN 60 071 497 115, AFS Licence No. 234454. The information in this release is general information only and is not based upon, nor does it consider the objectives, taxation, financial situation, or needs or goals of any particular individual or investor. In deciding whether or not to acquire, hold or dispose of the product, an investor should obtain a copy of the Product Disclosure Statement (PDS) and consider whether the product is appropriate for their particular requirements and objectives. Before making any decision using any of the information contained in this release, you should carefully read the PDS in its entirety. We also recommend that you consult with a financial adviser or tax adviser.

A copy of the PDS is available at australianunity.com.au/wealth or by calling our Investor Services team on 13 29 39.

Investment decisions should not be made upon the basis of past performance or distribution rate since each of these can vary. The information provided in this release is current at the time of publication.

About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.