Topic - Developments

Singapore’s SC Capital commits to fund 2000 new village units with Aura

Nov 07 2017 Updated May 3, 2023

The Weekly Source

1 min read

Established only 14 months ago, Tim Russell and Mark Taylor’s Aura retirement village group have now won the support of the Singaporean investment group SC Capital is a 50% funding partner in the development of 2000 village units.

SC Capital joins with Brisbane-based private equity and development firm Blue Sky who has a 50% equity share of Aura and an agreement to be the developer of its retirement villages.

Aura currently has eight development projects on the books for approximately 1200 units.

SC Capital’s chairman Suchad Chiaranussati says they have been looking for a number of years for the right opportunity to invest in Australia’s retirement sector.

Tim Russell founded RetireAustralia, with Mark Taylor joining him in the very early days. They both finished there within 12 months of ownership transferring to NZ Super and NZ’s investment group Infratil.

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