Home Consortium and PDG Group Enter Strategic Alliance to Develop Large-Scale Health and Wellness Precincts
Home Consortium has entered into a Memorandum of Understanding with PDG Corporation to collaborate on developing strategic healthcare and wellness precincts initially focused on Victorian opportunities and over time expanding into other Australian markets.
The strategic alliance aims to tap into the opportunity rich healthcare sub-sectors being targeted by HealthCo Healthcare and Wellness REIT across childcare, aged care, primary medical, hospitals and life sciences. L.E.K.Consulting conducted an extensive study into the health care property sector in Australia, which identified at least $87bn of new investment is required for asset development across the five health and wellness sectors that comprise the diversified HealthCo model portfolio.
HomeCo’s Managing Director and CEO David Di Pilla said, “HomeCo looks forward to the collaboration with PDG which enhances HomeCo’s pipeline of new opportunities. The establishment of a formal MoU between the parties was a natural extension of a number of joint projects we are exploring, and we are well advanced on several opportunities”.