Catholic Healthcare, one of the largest providers of Catholic aged and community services in the country, has paid $28.5 million for the Maroubra Beach RSL bowling club.
It is further evidence of the return of aged and healthcare investors to the real estate market, after a lull following the global financial crisis, according to selling agency JLL.
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Mercedes Ruehl writes on real estate specialising in sales, leasing and residential properties. Connect with Mercedes on Twitter.