Cornerstone Taps Queensland Treechange with Health Hub

The green shoots of new development are emerging rapidly among the pineapple and macadamia farms surrounding the small towns dotted throughout the Glass House Mountains region north of Brisbane.

Sprawling rural properties are making way for new residential subdivisions and housing estates as development has ramped up off the back of the pandemic-induced treechange.

Capitalising on the surge in growth, Cornerstone Group has recently turned dirt on an $18-million healthcare project at Beerwah in the Sunshine Coast hinterland.

To be known as the Beerwah Health Hub, it will comprise 4000sq m for healthcare services—including general practice, allied health, dental, optometry and radiology—as well as a childcare centre.

It is the diversified healthcare real estate fund’s sixth healthcare development.

The other developments include Chermside Health Hub, North Lakes Specialist Medical Centre and Moreton Health Hub in Queensland as well as Canberra Specialist Medical Centre in ACT and Nepean Health Hub in Penrith west of Sydney.

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▲ Render of Cornerstone’s $18-million Beerwah Health Hub under construction in the Sunshine Coast hinterland.

Cornerstone Group director Simon Heazlewood said he was excited to break ground on the Beerwah Health Hub is an area that “has been underserviced in regards to quality primary healthcare”.

“Beerwah is strategically located between north Brisbane and the Sunshine Coast in an area where we are seeing tremendous growth,” he said.

“Our new health hub is primed to bring high-quality services to the Beerwah community, Glass House Mountains, Landsborough and other surrounding hinterland towns, as well as the emerging residential communities of Beerwah East, Aura and Caloundra South.”

About 70 per cent of the lettable space in the under-construction facility has been pre-committed, including the 105-place, 720sq m childcare centre on the first floor.

Construction of the Beerwah Health Hub is expected to be complete by the end of the year. Another healthcare project on Bribie Island is due to begin in coming months.

Article source: Queensland Property Investor