Following investors appointing a receiver to Ted Sents PeopleFirst Beachmere (an ambitious QLD village development), Ted has jumped in and appointed his own Administrator to six more of his companies. They include Querencia Latrobe City Pty Ltd, which it is assumed holds his two village developments in Moe in Victoria. The move will allow him to move forward in an orderly manner, he says, and that he is confident that all creditors will receive 100 cents in the dollar. Ted Sent is regarded by many as being the grandfather of the modern retirement village, having created and built the Primelife group, now Lend Lease Primelife.
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...
