Sexton, D. 'For Over 50s Who Want Fun,' The Cairns Post, June 25, 2008, p. 27.
A tai-chi terrace, teppanyaki bar and handyman workshop are just some of the features that will be on offer at the Savannah Lifestyle Resort at Mareeba the $100 million resort community for over-50s expected to be complete within four years. Director Noel Mewett, developer of lifestyle communities such as the Gold Coasts Golden Crest Manor, says: "Australia wide, similar projects are outselling retirement villages five to one." The gated community will comprise 170 residences of two and three-bedroom homes built to nine different architectural designs, and will incorporate a clubhouse with cinema and entertainment lounges and a business centre with library. At Savannah, residents will pay no body corporate fees, deferred management fees, stamp duty, council rates or exit fees owning tenure over their homes but not the actual land while paying a weekly fee that covers land lease and maintenance. Residences start at $320,000.
Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care
For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...