Tim Russell and Mark Taylor’s retirement living business, Aura, has achieved practical completion of Kingsford Terrace’s Stage 6, titled Taylor (main photo), and Hutchinson Builders has broken ground on the final building Radcliffe (artist's render below), which will see it hit 250 apartments.
The retirement village at Corinda, 12.km southwest of the city centre, saw its first building Litchfield completed in 2016. Tim and Mark bought the site from Prescare when it had 34 apartments to start Aura. The second building was completed in 2018, the third in 2020, and the fourth and fifth in 2022.
“Today’s retirees won’t compromise on their standard of living when they downsize, so at Aura Holdings we are providing a range of apartments in the sizes and quality they have told us they wanted,” Mark said.
Aura Holdings, which sought a new investor in March 2023 beyond its current financial backer, Singapore-based SC Capital Partners, has six operating retirement villages. It has development approval for a vertical village at Budds Beach, Gold Coast, and in December 2023 lodged plans for 126 independent living apartments in the northwestern corner of McLeod Country Golf Club at Mount Ommaney in Brisbane’s western growth corridor.
