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The new facility at Thornton Park in Penrith will be home to 48 retirement living units and a 104-bed aged care home, as well as provide home care services to residents and the wider community.
Despite being listed on the Stock Exchange, Eureka Communities has been running on the smell of an oily rag to keep costs down. Robin Levison has been the Executive Chairman with Greg Rekers acting as Managing Director while also running his Navigator Property Group on the Gold Coast.
The Australian is reporting our largest village operator is sounding out partners to buy into its $1.5B retirement village portfolio with the help of investment bank Morgan Stanley.
While we are discussing demand for retirement villages, consider this line of thinking.
Late last year Perth-based Arcadia Group, who own the prestige Rylands of Kew apartment development (purchased from Stockland), introduced a Concierge Suite as an offering to prospective residents and members of the community.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.
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