Bolton Clarke spends $10M on Brisbane RSL site for vertical co-located retirement village, assisted living and aged care community

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The Not For Profit continues to deliver on its plans to double in size by 2025.

Bolton Clarke acquired the site of the Coorparoo RSL, 4km from the Brisbane CBD, in December, for $10.279 million on a long-term lease after the Coorparoo RSL sub-branch put the clubhouse on the market in September for an expressions of interest campaign.

RSL sub-branch president Merv Cuylenburg told the Brisbane Times that the branch – which has 213 members – had decided selling up with the hope of a long-term lease was the best option to secure the club’s future and they had received more than 70 expressions of interest for the site.

Design work will now commence early this year on the site which is Zoned District Centre DC2 (Corridor) with a code assessable height up to 16 storeys and will feature 100 two- and three-bedroom independent living apartments, 30 assisted living apartments, a 60-bed aged care home and an At Home Support hub.

Other amenities will include along with a library and lounge, gym, pool, art and craft studio, private dining room and rooftop sky terrace with city views and entertaining facilities.

Bolton Clarke General Manager Property Development James Mantis said the development will offer a new kind of integrated lifestyle and wellbeing option, particularly through the home care hub.

“As the needs and circumstances of each resident change, residents will be able to transition to alternate accommodation or access additional care and support services within the development, ensuring they can age in place as part of the vibrant Coorparoo community and enjoy life at the same address for as long as possible,” he said.

The Coorparoo acquisition adds to Bolton Clarke’s growing development pipeline which includes a vertical retirement village at St Kilda in Victoria due to be completed in October 2021, a new greenfield development in Bundoora in Melbourne’s northern corridor, a mixed-use integrated vertical community in Southport’s Queen Street Village development on the Gold Coast and a co-located retirement village at Westmead in Sydney.

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Lauren is the Editor at DCM Group and has guided its range of media including The Weekly SOURCE, The Daily RESOURCE and The Donaldson Sisters since 2016. With 13 years’ experience as a journalist, editor and commentator, Lauren is the only journalist to have attended every session of the Royal Commission into Aged Care Quality and Safety, producing 300 issues of the subscriber-only The Daily COMMISSION which offers exclusive insights and analysis of the issues surrounding the Royal Commission and the aged care sector.