New Melton Hospital Project
After reaching Financial Close with the Victorian Government in November 2024, the New Melton Hospital Project will be Victoria’s first all-electric hospital, supporting the state’s net-zero 2050 target.
Capella Capital is the lead sponsor, financial advisor, equity investor (on behalf of Lendlease) and Project Co asset manager for the Project.
The Exemplar Health consortium includes Lendlease as design and construction partner, Honeywell and Compass Group Healthcare as facilities services providers and Invesis as U.A investor
The project is being delivered as a public-private partnership, with Western Health as the public operator of all clinical services.
Construction will commence in 2025, with completion of the hospital scheduled for 2029.
Key Features
- Victoria’s first fully-electric hospital, enabling it to be powered by renewable energy supporting progress to net zero by 2050
- Includes a 24-hour emergency department, at least 274 beds, an intensive care unit, maternity and neonatal services, mental health services, radiology services and outpatient care.
- Will accelerate development of the Cobblebank Metropolitan Activity Centre, creating a new and vibrant precinct and delivering long term social and economic benefits to the west.
Project Size
$900m
