Entrance to Huntingdon Gardens Aged Care facility with a sidewalk leading to the entrance, surrounded by greenery and a blue sky.

Huntingdon Gardens and Ferndale Gardens

TRANSACTION: Confidential Limited Expressions of Interest
LOCATIONS:
Huntingdon Gardens, 1-11 Connemarra St, Bexley NSW
Ferndale Gardens, 33 Jersey Ave, Mortdale NSW
SOLD: 2023
PRICE: c.$172 Million

Shane Nicholson managed the sale of Huntingdon Gardens and Ferndale Gardens on behalf of a private family to Ibis Care

Aerial view of a city with residential neighborhoods, commercial buildings, a sports field, and a distant shoreline with high-rise buildings

Aerial view of a residential neighborhood with a large institutional building outlined in white, surrounded by smaller houses, trees, and streets.

Aerial view of a residential neighborhood with a large property outlined in white, featuring multiple buildings, trees, and solar panels on roofs.

Aerial view of a suburban area with residential houses, roads, and green spaces, along with lakes and a cityscape in the distance.

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Modern outdoor patio with tables and chairs, green plants, large tree, multi-story residential building, and clear blue sky.

Exterior view of a residential apartment building with a Ferndale Gardens sign, brick walls, balconies, and lush greenery in front.

THE ASSET

Huntingdon Gardens and Ferndale Gardens comprised a premium aged care portfolio totalling 307 high-quality care beds, strategically located in Sydney’s southern corridor. Huntingdon Gardens, a 171-bed facility in Bexley, underwent a significant redevelopment in 2015, which included the addition of a premium extra service wing. Ferndale Gardens, located nearby in Mortdale, was a 136-bed fully extra service facility that had been completely rebuilt in 2009 to provide modern, lifestyle-oriented care. Together, these assets offered a rare combination of scale, contemporary infrastructure, and strong positioning within well-established metropolitan catchments.

THE PROCESS

ACSL Property conducted a targeted off-market campaign, inviting five qualified parties to participate. Following the first round of offers two standout bidders emerged. To maintain competitive tension and maximise value, we recommended to the seller that both parties proceed through parallel due diligence, with a commitment from the seller to reimburse the unsuccessful party’s costs—ensuring continued engagement and tension from both groups.

THE RESULT

This strategic approach enabled ACSL Property to preserve pricing pressure through to the exchange of contracts. As a result, the preferred party was held to their original offer, delivering maximum value for our client and a seamless outcome for all stakeholders involved.

Role clarification: Shane Nicholson managed this transaction in conjunction with another agency.

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