Lend Lease annual results reveal they turned over approximately 15% of their existing ILUs last financial year a very healthy result compared to other major village operators who average around 9%. They sold 794 existing ILUs plus 206 new ILUs, or exactly 1,000 sales for the year (for a combined value of $346.2M).
New ILUs averaged $406K in price while resales averaged $332K. They have a development pipeline of 1,247 units. Over the 12 months they purchased three villages and sold three villages. They also completed the acquisition of five villages they previously managed.
The Weekly SOURCE
Providence Lifestyle maps six-resort WA pipeline as demand outstrips supply
Providence Lifestyle founder and director John Wood says the WA operator is accelerating growth to meet rising demand for over-50s land lease living, with six resorts slated over the next three years in Busselton, three in the City of Wanneroo, and two in the City of Swan.