Benetas acquires second retirement village in two months

The Not For Profit Victorian operator is quickly bolstering its retirement village portfolio.

In late December last year, The Weekly SOURCE reported that Benetas had purchased an Australian Unity retirement village, the 26-unit The Oaks Retirement Community in Croydon in Melbourne’s outer east, just 1.2km from Benetas’ St John’s Rise Retirement Village in Mooroolbark.

Now CEO Sandra Hills OAM and her team have entered into an agreement to purchase the 158-unit Eastwood Retirement Village in Bairnsdale, East Gippsland, 279km east of Melbourne.  

Eastwood will join Benetas’ five existing retirement communities Bridgewater Lake, St Laurence Court, Dalkeith Heights, St John’s Rise and The Oaks Croydon after settlement is completed on or around 1 April.  
 
The East Gippsland community, built between 2011 and 2020, is fully occupied and boasts a community centre, gym, indoor heated pool and bowls, cinema facilities, workshop and a hair and beauty salon.  
 
The site is in a growth area, located 4.2km from the centre of Bairnsdale, adjacent to the Eastwood Village Shopping Centre, and is an hour’s drive from Benetas’ Dalkeith Heights retirement community and Dalkeith Gardens residential aged care site in Traralgon.