Panel meets on future of Mbark’s golf club retirement village in Canberra

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As we reported here, the Federal Golf Club wants to build 125 retirement village units and a new clubhouse, swimming pool and gym on its course in Red Hill.

The panel – which includes the club, Mbark, government, community, environmental and business groups – met last week to discuss the project, which was first proposed in 2015, according to The Canberra Times.

In October 2015, the Club signed a 99-year peppercorn lease with Mbark to develop the village before club members voted on the plans last year.

They estimate the village would bring in $18M and allow it to upgrade its golf course which would otherwise be at risk from lack of water supply and storage.

Led by John Leo and Adam Somerville, Mbark specializes in ‘win/win’ joint developments with existing owners. Their Wivenhoe Village in Cobbitty, NSW was nominated earlier this year for Best Retirement Living Development at the Property Council of Australia Innovation & Excellence Awards. Previously, The Arbour has been a winner.

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