Shane Nicholson of Colliers advertised the six-story/77 ILU Serene Living development at Tweed Heads for sale with expressions of interest closing 21 November and the successful buyer, Fenton Norrie, kick started construction last week 18 weeks later. The cost of construction is $25 million+. The development was in receivership with Grant Thornton after multiple parties had attempted to put together a deal given it had 70% pre-sales, largely thanks to its location directly across the road from the Tweed Heads Bowling Club, the largest in Australia. The architect is Marchese Partners.
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...