Twelve million of the $65 million raised came from one investor - Taverners Group - which is the family investment company for Peter Scanlon.

Scanlon has reported personal wealth of $740 million, originally gained by his ownership of Patrick Corporation which he sold to Toll Holdings in 2006.

Given the success of this capital raising, AUREI is likely to create further specialist funds for village construction.

Its flagship fund, the Australian Health Care Property Trust, has over $700 million invested and owns 25 hospitals, medical centres and aged care facilities.