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Stockland gets approval for $330 Bellarine Peninsula development: includes aged care and a retirement village

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Victorian Planning Minister, Justin Madden has approved Stockland's controversial $330 million residential and waterways development on the Bellarine Peninsula subject to strict planning controls, including a bond levied at 120 per cent of the final landscaping costs. The development comprises of a residential subdivision of 600 lots with integrated waterways, a retirement village, an aged care facility and a multi-purpose community centre.