The joint venture between Tim Russell and Mark Taylor, formerly of RetireAustralia, and Brisbane-based private equity firm Blue Sky, has announced it has four additional retirement village greenfields developments in the works.

In our last issue for 2016, we reported that Aura has secured its second retirement development, a 9,154sqm site in Maroochydore (pictured) on QLD’s Sunshine Coast.

Purchased for $6M, the nearly 1ha site will be home to a $67M four-storey vertical village.

It’s within 100m of the $28M six-storey aged care home being co-developed by St Vincent’s Care Services.

Aura secured their first site, the $130M Kingsford Terrace development, 12km south of Brisbane, back in September. It will be home to 250 units when complete.

This latest announcement puts them well on track to meet their goal for an 800-unit village portfolio within months of launching Aura.