Growthpoint helps pioneer R100m healthcare village in Rosebank

Growthpoint Healthcare Property Holdings, South Africa’s first property fund dedicated exclusively to healthcare and wellness real estate, has completed the development of the first Epione Health Village.

Located on Glenhove Road in Rosebank, Johannesburg, the facility has been designed to be a welcoming, continuous patient journey across two floors.

The flagship facility, co-developed by Growthpoint’s in-house development team and Epione, is valued at roughly R100 million.

Read: South Africa ‘stands out’ for Growthpoint Properties

It is set to introduce a new model of integrated, accessible and affordable healthcare to the country, marking the culmination of a partnership that began taking shape eight years ago.

“We identified Growthpoint as our partner of choice about eight years ago and explored this concept together,” Epione founder Garikai Govati said on Tuesday.

ADVERTISEMENT

CONTINUE READING BELOW

It has the experience, capital and expertise to build successful hospitals, he added.

“Epione is a small project compared to others for Growthpoint, but the attention to detail, the skills and the expertise they provided to help us develop this project and bring it to life has been tremendous.”

Growthpoint share price

The Epione Health Village concept is built around a one-stop model, taking patients from GP consultations through specialist care, diagnostics and pharmacy services – making healthcare more accessible, affordable and inclusive.

Healthcare under one roof

The ground floor of the facility includes a primary healthcare corridor with 22 consulting rooms, accommodating eight GPs, as well as dental and optometry practices, clinical associates and a skin cancer centre.

ADVERTISEMENT:

CONTINUE READING BELOW

The second floor houses an ambulatory surgery centre with 20 beds and two fully equipped theatres capable of handling a broad range of surgical cases across specialties.

Read:

Growthpoint and Busamed invest R60m to expand Umhlanga’s Gateway Private Hospital
Growthpoint’s George Muchanya talks healthcare, student accommodation fund listing plans

“We are proud to be the healthcare property partner and developer that helped bring this vision to life,” said Farhana Russell, fund manager at Growthpoint Healthcare Property Holdings (GHPH).

“It represents exactly the kind of asset GHPH exists to help create, by providing capital and know-how. Epione Health Village is a purpose-built, thoughtfully designed healthcare offering that serves a real community need.”

Govati said there is a pipeline of more Epione Health Villages to be developed soon.

Watch/read: Like Tinder for doctors: A platform linking surgeons with assistants

#Growthpoint #helps #pioneer #R100m #healthcare #village #Rosebank