Hamilton Locke has advised Melbourne & Regional Development Group (MRDG) on the launch of the MRDG Healthcare Fund 1, a wholesale fund that will raise capital to invest in the development of a state-of-the-art medical centre on the corner of South Road and the Nepean Highway in Moorabbin, Victoria.
At Hamilton Locke, we are committed to supporting innovative developments that positively impact communities and drive investment in social infrastructure.
The medical centre is planned to house a general practice as well as various allied health services such as radiology, pharmacy, and pathology. MRDG is a development firm that focuses on curating social infrastructure and healthcare facilities across Melbourne, regional Victoria and Australia.
David Rennex, Managing Director of MRDG, commented: “We are excited to be open this healthcare asset to investors, it’s a development that will set a new benchmark for a community healthcare centre aligning the interest of patients with a first-class working environment for GPs. We appreciate Hamilton Locke’s efforts and guidance through the fund establishment process.”
Commenting on the transaction, Hamilton Locke Partner Erik Setio said, “We are delighted to have assisted MRDG to launch this fund to support the development of this exciting project. We wish MRDG all the best in their capital raising and the upcoming development.”
The Hamilton Locke team was led by Partner Erik Setio with the support of Senior Associate Nick Huett and Lawyer Annabelle Parmegiani.
