The Anglicans have achieved a coup by negotiating with the New South Wales government approval to build a 14 storey village and aged care facility as part of the Landcom redevelopment site at Victoria Park in Zetland, halfway between the CBD and Sydney airport. Comprising of a 120 bed residential care facility, and 180 ILUs, the Anglicans aim to bring affordable retirement living to the largely blue-collar precinct bordering Sydney's eastern suburbs. They claim they will design and decorate the facility like a quality hotel and will provide sweeping views of the eastern suburbs, nearby golf courses, the airport and Botany Bay. It is due for completion in 2010.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...