Lincoln Place buys into residential estate for latest lifestyle resort
The 9.2-hectare site, located on the banks of the Murray River, has planning approval for a $100 million 197-home community with a clubhouse and extensive amenities.
The land lease community operator, founded in 2019 by Ben Hindmarsh and Nicholas Collishaw, has acquired a parcel within Chadwick Investments' 58.83 hectare The Range Estate in Moama, NSW.
Lincoln Place, backed by New York-based private equity giant Cerberus Capital Management, revealed in October last year that it had hit over $44 million in development acquisitions in the previous nine months.
The 9.2-hectare site, located close to the Murray River, has planning approval for a $100 million, 197-home community with a clubhouse and extensive amenities.
The community will be Lincoln Place’s third on the New South Wales-Victoria border, with active communities in Albury and Baranduda.
“Well over one third of the population in the Echuca Moama region is aged over 55 and the riverside townships are popular destinations for holiday makers drawn to the local wineries, restaurants and festivals,” Lincoln Place Chief Executive Officer, Paul Yeo, said.
“Located within the prestigious The Range Estate’s masterplan, our new Moama community will complement the existing neighbourhood,” he said.
Construction is expected to commence in mid-2026, with the first residents to be welcomed in mid-2027.
"Lincoln Place currently has 26 communities across our portfolio, totalling 6,000 sites. Of these, 1,900 sites have been delivered and the balance 4,100 sites will be completed over the next five years," Paul added.
