Expressions of Interest open for Blue Haven’s Bonaira aged care home on the NSW South Coast

Kiama Council has announced the first part of the tender process for the sale of Blue Haven Bonaira went live on 18 August 2023.

The open selective tender process involves several steps (see the diagram above), the first being inviting interested parties to submit an Expression of Interest (EOI) to tender for the purchase of Blue Haven Bonaira.

Once the EOI has closed, a selection panel will shortlist the top tenderers, who will then be invited to put in tenders to purchase Blue Haven Bonaira, Kiama, 120km south of Sydney in the coastal Illawarra region. 

The Council has said that any sale must be to an approved aged care provider. 

In March, Kiama Council made the decision to sell the 134-bed Blue Haven Bonaira to address its financial problems. In July, auditors Forsyth Accounting announced that they had found Kiama Council underestimated the cost of building the aged care home by about $30 million and that the cost of the project was the main factor in the Council’s deteriorating financial position.

StewartBrown Advisory has been appointed marketing agent for the sale.

The SOURCE: The aged care home cost $50 million to build. How much will it sell for?