Daniel Hanna, Federal Group Executive General Manager, said a retirement community will be part of the masterplan for the 44ha Country Club Tasmania at Prospect Vale, 7km southwest of Launceston in TAS.
Federal Group, backed by Kim Capital, has broken the ground on the second stage of what will eventually be a 372-lot residential Country Club Estate.
Daniel said there would be 10 stages of development in total, with a gated retirement community included in a later stage.
“We like to think in 10 years’ time, this will be an outstanding lifestyle community,” he told The Mercury.
Harcourts Launceston project sales agent David Hernyk said the “bulk” of the estate would be at the more “affordable” end of the market.
