The operator has announced that they will spend $11 million extending their Somerton Park retirement village, 12km from the Adelaide CBD.

The redevelopment will add another 35 homes. Each two or three bedroom plus study home will offer two bathrooms and a lock-up garage. Prices will start from around $580,000 subject to change.

The villages is one of eight villages that the operator purchased from Masonic Homes two years ago.

Michael Wappett, Stockland Retirement Living Business Manager and Head of Asset Management, said: “When we acquired the South Australia portfolio we were one hundred per cent committed to developing, growing and improving these villages not only for current residents but also for the future ageing population of the state.”

“At Stockland we create thriving, socially-inclusive, well connected communities and all homes within the extension have been designed to achieve a Silver rating under the Liveable Housing Australia Guidelines,” he says.

Somerton Park Seniors’ Living Community is home to over 210 residents and provides a wide range of accommodation options including serviced apartments, independent living apartments and villas.

Stockland plans to carefully stage the construction to minimise disruption to current residents with the building work expected to be complete by March 2018.

A $27 million expansion of their Lightsview Retirement Village in Northgate is also underway, with 33 new homes completed and a new 550 square metre clubhouse soon to be finished.

Stockland now owns 11 retirement villages in and around Adelaide, with 65 villages across Australia.

Picture: Michael Wappett, Head of Asset Management, Retirement Living, Stockland; Rebecca Grundy, Development Manager, Retirement Living Stockland; and Mayor Stephen Patterson, city of Holdfast Bay.