Following the rejection of its development application in February, operator RFBI of Bathursts Cheriton Retirement Village have approached council with a revised proposal that they hope meets the needs of all parties. To secure safe access to the village for residents, expansion of the inner city facility had originally involved removing a rundown building in the adjoining Heritage Conservation Area. An amended DA now retains this property and should allow for the $2.5m project to proceed; building a new courtyard, terrace, craft room, mens shed and 15 extra bedrooms. The result is a good example of how operators, developers and authorities can work toward a positive outcome.
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...