CEO and principal of Sydneys Waterbrook villages cut the ribbon on a long-term partnership with Visionary Investment Group (VIG), a mainland Chinese investment fund. The first in a pipeline of retirement village developments will be a $160 million Waterbrook village to be built on Bayview golf course on Sydneys northern beaches (photographed). The architect is Marchese Partners and construction will commence in early 2015.
VIG also launched its operations in Australia last night before 100 guests from China and Australia. CEO Michael Guo confirmed their support of the Six Star Waterbrook model and Ryans plan to expand Waterbrook into each Australian capital city with up to 3 prestige locations. Ryan will also build Chinese specific Waterbrook villages in Australia with 100% Mandarin speaking staff and culture, principally in high density suburbs such as Chatswood in Sydney. He said this is a near-term project.
Ryan has been hosting Chinese delegations to his to Sydney Waterbrook villages for the past two years.VIG and Ryan have plans well advanced to build a 500 unit co-located village and care development under the Waterbrook brand in China.
Ryan has also assembled for VIG a 212 serviced apartment plus 3,000 sqm retail development, also in Chatswood. VIG has secured the land and is progressing with the project.
The partnership is the result of Ryans initiative to crack the Chinese market four years ago; since then he has made over 40 trips. To our knowledge this is the first genuine mainland Chinese funding to commit to the Australian retirement village market.