Estia Health Secures Best-in-Class Aged Care Assets in Sydney

Colliers facilitates sale of Little Bay and Warrawee facilities, delivering scale and profitability in prime Sydney suburbs.

Two premium residential aged care facilities in the highly sought-after Sydney suburbs of Little Bay and Warrawee have changed hands in a sale facilitated by Colliers, on behalf of MMG.

Together, the Little Bay and Warrawee facilities comprise 259 residential aged care beds across expansive sites of 10,350sqm and 3,788sqm respectively. Both properties are multi-award-winning and deliver best-in-class care, design and operational excellence.

The purchaser, Estia Health, has strategically expanded its portfolio by acquiring these established, high-performing assets rather than pursuing new developments in the current high-cost environment.

Chris O’Driscoll, National Director of Healthcare & Retirement Living at Colliers, said, “This transaction represents a rare opportunity to acquire two of the most prestigious aged care assets in metropolitan Sydney. Both Little Bay and Warrawee are exceptionally well-designed and finished to a premium standard, located in blue-ribbon suburbs with strong demographic demand and limited future supply.”

Mr O’Driscoll added, “With construction costs and interest rate volatility continuing to challenge new developments, the acquisition of these high-quality, operational facilities offers a compelling and lower-risk alternative for investors looking to expand in the aged care sector.”

The Little Bay facility, located in Sydney’s Eastern Suburbs, offers sweeping views across St Michael’s Golf Course and Little Bay Beach. It is a well-established facility with a strong reputation in the community and is situated in a catchment where 16.9% of the population is aged over 65.

Warrawee, in Sydney’s Northern Suburbs, is a new facility already exceededing financial expectations during its ramp-up phase.

Ian Sanders, Head of Healthcare & Retirement Living, Asia Pacific at Colliers, commented, “The properties are leading in every way, anticipating the highest of care needs and quality of services deserving of their residents. It is not often that we are able to say that a facility is the best of its type, however, in the case of Warrawee, we can say that the concept to execution has few other peers. We congratulate Estia on its purchase of the facilities, a great fit with a leading management team,” Mr Sanders added.

The landmark transaction underscores the continued demand for premium aged care assets in tightly held, high-quality locations. With superior design, strong operational performance and a resident-centred care philosophy, the facilities at Little Bay and Warrawee represent a benchmark for the future of aged care in Australia.