Australia’s largest village operator is moving into the retirement village sector in China, after signing a 50-year land use contract with the Qingpu local government to build around 900 independent living units and operate them under a long-term agreement.

Whilst Lendlease has been operating in China for around 30 years and developed over 300 projects, this is their first village project which they will develop and operate themselves.

Lendlease’s CEO of Asia, Tony Lombardo who has been keen to develop retirement living in the region will lead the initiative.