A Housing NSW eight storey seniors development in Wollongong will be ready by September, on time and on budget. Earmarked as seniors housing, the $17m project had to be scaled back after public protest over the scale of the buildings proposed. The site was bought by the NSW Land and Housing Corporation in November 2009 for $2.94 million, almost $1 million more than Sienna Investments paid for the site in 2002.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
