The nemesis of Lend Lease Retirement and old mate of Malcolm Turnbull, Sean Howard, is selling his private island 10 minutes off Palm Cove for $8 million through Colliers International, to fund his next Kewarra Beach development, a just approved care and retirement village. The island rents for $100,000 per day. Howard co-foundered Ozemail with Turnbull, then sold at peak value. Lend Lease remember him for being very shabby for changing the locks, literally, at 6am one morning last June at his Cumberland View village at Wheelers Hill. Problem was he had not told the Manager, Lend Lease of his plan to release them of management rights. Interestingly, he and his wife are now being challenged by his yacht builder who is trying to take possession because of non payment (due to reported bubbling of its hull).
His existing Kawarra Beach village operates under the Retirement Village Act but charges no DMF. He simply repays the ingoing amount. A 2 bedroom villa is $400,000 plus $150pw fees.
Community Living
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
