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State owned Poly Real Estate enjoys over AUS$3 billion in annual property sales in China and is the third largest payer of tax of all Chinese companies. They have over 350 developments in play now across 70 Chinese cities and they are now expanding to the US, UK and Australia. They have five residential developments here now. But what they really want is to set up a ‘global network’ of migrant retirement housing’.
Selected from 136 nominations, Living Choice Fullarton has been awarded the 2016 South Australian Development of the Year in the Property Council of Australia’s Innovation and Excellence Awards.
Arvida was created in late 2014 by pulling together 10 operators of 17 retirement villages in New Zealand and achieving agreement for them to combine and float the company on the NZ stock exchange. They raised $75 million with Arvida then valued at $210 million.
Sundale’s CEO Glenn Bunney is celebrating the approval of a 180 unit retirement village with 60 care beds located in Noosa. The $50M project has been in and out of council since 2013.
Frank and Teresa D'Agostino’s FTD Holdings has achieved a rezoning of an industrial warehouse location in Cabramatta (Sydney’s Southwest) based on a plan to build 500 residential units plus100 retirement village units and a 100 bed aged care facility. To our knowledge this is their first aged accommodation initiative.
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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.