Prime Trust Invests $170 Million at Townsville’s Carlyle Gardens, Includes Digital Infrastructure and Environmental Technologies (Raggatt, T. ‘Baby boomers’ village grows,’ Townsville Bulletin, June 11, 2008, p. 23)

Published on

Listed property group Prime Trust will invest more than $170 million expanding its retirement village at Carlyle Gardens, Condon over the next four years. ILU numbers will double to more than 720, 66 serviced apartments will be built, and a 90-bed aged care centre is planned and awaiting government approval. The village was bought last year for $49.5 million.

Prime’s North Queensland project manager Peter Kirkham said the company was targeting two distinct baby boomer markets: those over 65 looking for a resort lifestyle, and others aged around 55 seeking the latest digital and environmental technologies.

Prime was responding with plans for fibre optic connections as well as environmental features including a suite of energy innovations and options for roof-top solar photovoltaic panels.

Scroll down for full story.

Share.