A 17 story residential apartment block approximately 5 years old and located in Crows Nest, 5
km north of Sydneys Harbour Bridge, has been bought by the Abacus property group for $36
million with the intention of converting it into 95 ILUs. Abacus is a joint-venture between New
Zealands Mr Cliff Cook and Chicagos Mr Sam Zell. They are targeting high wealth retirees.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
