Aveo Group CEO, Tony Randello, dropped by our offices last week to discuss Aveo’s accelerating sales for new village developments, plus his ambitions as the newly elected President for the Retirement Living Council.
The largest retirement village operator in Australia had more than 1500 home sales in 2022 and Tony told The SOURCE the business is on track to repeat that figure this year.
“At The Clayfield Retirement Village, in inner north-eastern Brisbane, for example, we are on track to go from zero units sold to 110 sales and sold out in two years.“
The Clayfield is co-located with a yet to-be-built Opal HealthCare aged care facility. Tony said his strategy is co-location with residential aged care and Aveo Group has an exclusivity agreement with Opal HealthCare for the site.
“Also in Brisbane, we are redeveloping Parkside Carindale Retirement Living, 14km south of Brisbane’s CBD. We have built 97 apartments, with another 100 apartments to be completed by October and sales are going really well.
“When we get to the end, there'll be over 400 independent living units and 140 aged care beds. We’re currently in negotiations for the co-located aged care facility at that site.”
“In NSW, we are at the tender stage for a second building at Bella Vista Haven, which recently won the industry award for most sustainable retirement community. There’s also Shortland Waters Retirement Living set on Shortland Waters Golf Course which has about 150 units and there's a bit over another 100 to go.”
Tony also said Aveo Group was bidding on sites for future development.
The SOURCE: there is a publishing saying that sales solve all problems; Aveo’s 2017 - 2020 challenges appear to be behind them.
