Baldwin buys 88 ILU Liberty Seniors Living village, expanding into QLD

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Baldwin Care has purchased their first QLD village, Liberty Seniors Living’s Taigum village, 14KL north of Brisbane. CEO Paul Burkett negotiated the purchase through Colliers’ Shane Nicholson. The seller was the Panettiere family who have decided to concentrate on their concreting business. The price was below $3M for 88 ILUs, all DMFs except about 12 rentals. Burkett didn’t take up the optional land adjacent that would have delivered 126 development sites. Baldwin utilised existing lines of credit with ANZ. This purchase takes Baldwin to five small and large villages plus two aged care facilities across three states