Lendlease completes first stage of Australia’s first vertical retirement village built on a racecourse

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Australia’s largest village operator has unveiled the first stage of Bernborough Ascot, which features 69 independent living apartments in the trackside development.

The $270 million precinct, developed over four stages in agreement with Brisbane Racing Club (BRC), will see eventually see 300 independent living units built on the site.

Prices start at $647,000 for a two-bedroom apartment and $1.4 million for a penthouse at the village, which is located roughly 7km from the Brisbane CBD.

“The availability of high-quality retirement living options is an important part of this precinct, creating diversity and the opportunity for locals from the area to downsize close to home in a genuine community setting,” said Lendlease Retirement Living Managing Director, Nathan Cockerill.

The site will be Lendlease’s 12th retirement village in Queensland.

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Ben is an experienced writer and content producer, having covered finance, retirement income, travel and technology in previous roles. He provides editorial support for the DCM Group’s mastheads.