MAB attracts medical professionals to its University Hill development
MAB’s 7 Ormond development at University Hill has proven to be a success with medical professionals including specialists in paediatrics, psychology, gastroenterology and endoscopy snapping up suites in the $18 million project.
Positioned between the Austin Hospital in Heidelberg and the Northern Hospital in Epping, 7 Ormond is surrounded by universities, private schools and a major retail precinct in a rapid growth corridor 18 km north of the Melbourne CBD.
In the last seven months, the first stage has seen 16 out of 22 suites sold, with approximately 60% of the sales attributed to medical occupants, many of whom are relocating or expanding from medical suites located in Melbourne’s north.
Dr Luke Sammartino, one of the busiest paediatricians in Melbourne’s north, purchased a 150 sqm suite after outgrowing his current clinic, with the new location allowing him to open a multi-modal ‘one stop shop’ clinic.
Joining Dr Sammartino at 7 Ormond will be Professor Antonio Paolini, a Clinical Neuroscientist and the CEO of higher education provider ISN Psychology, who was one of the first purchasers in the development.
According to Professor Paolini, the appeal for him was 7 Ormond's strategic location within an emerging medical hub, and its proximity to the existing teaching facilitie nearbys.
MAB released the second stage of 7 Ormond in February and says it expects to draw further interest from medical professionals. Stage two will have its own entry, dedicated lift and amenities with office suites ranging in size from 65 - 130 sqm.
Construction commenced on 7 Ormond in November last year and is expected to be completed in September 2019.
What they say...
“There are many reasons we are excited to be moving to 7 Ormond - the schematics of the building are absolutely beautiful. University Hill is becoming a medical precinct and this particular purpose-built building will allow us to expand to have five additional staff.
7 Ormond has afforded us the flexibility of size and location and is easy to get to from north, south, east and west with plenty of car parking. The proximity to other medical professionals will also provide a sense of collegiality within a commercial hub environment.”
- Dr Luke Sammartino, Paediatrician
“Bundoora, and especially University Hill, is well positioned as a major access point for a growing population. The medical hub emerging at Bundoora and 7 Ormond, will help us grow our service offerings and utilise cutting edge treatment options for mental health.
We were also impressed by the design of the building - its elegant exterior and position presents an element of style and tranquility.”
- Professor Antonio Paolini, Clinical Neuroscientist and CEO of ISN Psychology
“University Hill in Bundoora is definitely becoming a key medical precinct within Melbourne’s fast growing northern suburbs. MAB is pleased to contribute well designed and flexible office space that enables medical professionals to grow their practices.”
- Raphael Poggi, Development Manager MAB