37c702b3937835e5881820f37809e469
Log in
Menu
Log in
Search
© 2024 The Weekly SOURCE
Buying

Lifestyle Communities acquires new site on the Mornington Peninsula

1 min read

The land lease community (LLC) developer has executed contracts to purchase a new site in Tyabb on Victoria’s Mornington Peninsula – an hour south of Melbourne CBD.

Tyabb will be Lifestyle Communities’ third development on the Mornington Peninsula if a planning permit is granted. It will also increase the organisation’s portfolio by approximately 185 home sites to a total 3,549.

Including Tyabb, Lifestyle Communities now has 18 l LLCs in planning, development or under management.

As we reported here, the Mornington Peninsula is proving to be a popular area for senior living developments, with residential property developer Steller also recently investing $430 million for the construction of four new communities in the area.

Top Stories
Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill
22 Apr 2024
Topic - Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham
24 Apr 2024
Topic - Acquisitions

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes
22 Apr 2024
Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
You might also like
Buying

Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

Ian Horswill
22 Apr 2024
Buying

95% of apartments sold before Uniting’s latest retirement village in Sydney’s Little Italy opens

McRae-McMahon Place, named after the former Uniting Church Minister and social justice activist, Rev. Dorothy McRae-McMahon, features 65 homes, from one-bedroom apartments to deluxe penthouses, including 12 apartments for social housing in...

Ian Horswill
05 Mar 2024
Buying

First residents move into Summerset’s first retirement village in Melbourne later this month

10 two- to three-bedroom villas at its site in Cranbourne North, 39km south-east of Melbourne’s CBD, will mark the New Zealand operator’s entry into Australia. Stewart Scott, Summerset Group’s General Manager Development Australia, said it had...

Ian Horswill
05 Mar 2024
Buying

BaptistCare extending two retirement villages with existing facilities fully occupied

Charles Moore, who was appointed CEO of the newly merged BaptistCare NSW & ACT and Baptistcare WA organisation in June 2023 and had been CEO of BaptistCare NSW & ACT since 2020, has two retirement village projects under construction. The Not...

Ian Horswill
26 Feb 2024
Log in