Malaysian healthcare provider, KPJ has announced its purchase of 51% of Jeta Gardens in Bethania, Queensland for approximately AUD$45 million. Jeta Gardens is an Asian themed retirement village and aged care complex offering 108 beds, 23 units of retirement villas and 32 units of apartments located on 64 acres of land.
Stockland delivers 500 new land lease home sales a year with 20%+ margin
Seniors accommodation has worked out very well for Stockland after abandoning retirement villages, with a big development pipeline, big sales numbers and big development profit in its relatively new land lease business. Its Q3 ASX results have...