This is on top of Retirement Alliance villages which they acquired pre-Christmas and included three medium-rise prestige villages, plus the two Waterbrook villages acquired post-Christmas.
The Trebatha building was completed in 1988 and is likely to require substantial refurbishment to bring it up to the surrounding market.
It was sold by St Luke’s Care, a nondenominational not-for-profit operator which, for 90 years, has concentrated on its private hospital (St Luke’s), it’s five-star aged care facility (Lulworth House) and Trebatha, all located in a small pocket of property metres down the hill from King’s Cross.
Lulworth has been the preferred care facility for Eastern suburbs celebrities. Gough Whitlam ended his days there. They now provide home care as well
St Luke’s ventured outside of this region once to build a village and care facility 16 kilometres away at Little Bay, overlooking the ocean. Struggling sales led them to sell the vertical village to Lend Lease and the care facility to Mark Moran.