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Articles from Retirement
Ripe pickings in Cherrybrook
Image originally from Realcommercial.com.auA former childcare centre in Cherrybrook, New South Wales, has been sold at auction by agents of Laing & Simmons.

Return to retirement
A report from Jones Lang LaSalle says there are clear signs that confidence is returning to the retirement village market and that buyers are again prepared to invest in the sector.

Victoria Towers reaches $14 million in sales

Victoria Tower B.jpgSales at the $220 million Victoria Towers in Southport, Queensland, have almost reached $14 million within a fortnight.

High yield in St Albans
The facility is known as Bellarine Court and is operated by Premier Assisted Living, a national manager of aged care facilities.A supported aged care facility in St Albans, Victoria, has sold in a private sale conducted by agents of Hayden Real Estate on a yield of over 11%.

National interest in Gold Coast development
The 80.48 hectare property, currently known as Pacific Pines Estate, is located at the southern end of the pristine Seven Mile Beach and 5 km east of the Pacific Highway.Major development groups from around Australia are showing interest in an 80 hectare holding at Lennox Head in northern New South Wales, prior to it being placed on the market next week by receivers PriceWaterhouse Coopers.

Apartment development to retain character
Located in the University Hill precinct in Bundoora, The Heritage is set to transform four existing heritage-listed buildings positioned next to Sunland’s ‘Chancellor’ residential development, into 42 apartment dwellings.Sunland Group has announced the upcoming launch of its new apartment development ‘The Heritage at Chancellor’ in Victoria.

Korean development wave hits Gold Coast
Work is presently underway on the $600 million mixed use development at Paradise Point, $220 million ‘vertical’ over-50s tower in Southport and $60 million waterfront apartment project at Merrimac.Three residential projects with a combined worth of almost $1 billion are to be developed on the Gold Coast by Korean interests.

Stockland acquires stake in FKP
Stockland has acquired a 5% stake in FKP stapled securities via a share placement and will acquire a stake of up to around 13% through the partial sub-underwriting of a rights issue.

RSL Care for Caravonica
According to Favero Property Corp selling agent, David Favero, the property at Fig Tree Drive was sold on behalf of Tom Hedley’s Hedley Leisure and Gaming Property Services Limited to RSL Care for $8 million.Not-for-profit aged care provider RSL Care has purchased a 32.97 ha development site in Caravonica, Queensland, in a sale that was negotiated by Favero Property Corp.

Ravida’s retirement Renaissance
Located on Riversdale Road, the $28 million retirement complex has been designed by JAM Architects and is to be developed, constructed and managed by the Ravida Group.Located on Riversdale Road, the $28 million retirement complex has been designed by JAM Architects and is to be developed, constructed and managed by the Ravida Group.Luxury development firm, the Ravida Group, has launched its retirement division ‘Renaissance Living’ and is moving ahead with plans for its first project in Surrey Hills, Victoria.

Becton rises to challenging year
Becton Property Group has released its results for the financial year, which have been described as solid given the persistent challenging economic conditions.

Aspen Group records strong result
Aspen Group has presented its full year financial result for 2008, highlighting a record underlying net profit from strong earnings through multiple revenue streams in property, funds management and investments.

RSL sells land for tower
Plans are being drawn up for a $220 million, 36-level tower for independent living at Southport, following the purchase of site adjacent to Southport RSL by City Plan Partners, one of Korea’s major development groups.The purchase of a Gold Coast CBD property by a Korean development group is to eventually lead to the construction of a residential tower to be primarily used by retirees.

Stockland delivers despite dire conditions
Despite challenging market conditions, Stockland has announced that it has achieved its FY08 earnings guidance by delivering record profits and earnings per security.

Retirement village investment hotspots
Jones Lang LaSalle has identified emerging major retirement village 'hotspots' amidst an increase in investments in retirement village developments around Australia.

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