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It’s a small story but a good story.
The country’s largest village operator purchased the Townsend House and the Townsend Park Lifestyle Estate at Hove from the not for profit Can: Do 4Kids – formerly the South Australian Institution for the Blind, the Deaf and the Dumb founded in 1874 – for an undisclosed price on Monday.
The incoming Stockland Chairman, Tom Pockett, last week clarified that the company is “very comfortable” with the retirement sector and will continue to invest in it. He said the talk about partnering (with a financial investor) had not gone away but it was important to find the right partner.
Eureka continues to mop up rental villages across the eastern seaboard, purchasing its second village in Mackay. They paid $1.16 million to the receiver of the 38 unit village which also included a community centre with its large commercial kitchen. This equates to $30,526 per unit.
A new, small retirement village development set to open in north Bali in January 2017 is promising just that.
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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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