Tim Russell and Mark Taylor’s Aura sets its retirement village sights on Sydney – and more bowls clubs

Published on

The Australian is reporting that the village operator is negotiating to purchase two sites in Sydney as it looks for “underutilised assets” including bowls clubs and sporting fields.

They are also in “advanced negotiations” for other QLD sites, including a Blue Sky-owned site in Brisbane. “Industry sources” mention a memorandum of understanding with the Brisbane Bowls Club to lease a site in Coorparoo as well as with the SEQ Golf Club in Toowoomba and the Gold Coast Golf Club.

Aura was founded in September last year by the RetireAustralia founders Tim Russell and Mark Taylor, backed by private equity firm Blue Sky.

They now have over 880 units in the pipeline across six sites in QLD including the 53-apartment first stage of its $130M development at Corinda, 9km southwest of the Brisbane CBD, where construction has just begun.