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In July 2014 village developer Geoff Hart emailed the 25 residents of his Wattle Grove retirement village in Cootamundra that his company Baragen was ceasing to trade despite the fact the village was only half built. In effect the strata owners were abandoned.
NZ’s Ryman Healthcare has entered into an unconditional contract to buy 2.5 hectares in the Burwood East brickworks brownfield development (Melbourne). They will build independent living apartments and an aged care centre, including specialist dementia care, targeting a village population of 400 residents.
Aged care operator Regis has come in over the top of residential developers to buy a 4282 sqm block in inner metropolitan Camberwell.
Private care operator Lifeview recently secured a 2,662sqm site Prahran site for $20M and has started working with local architects CHT on a high end retirement village apartment development and aged care facility.
The Aveo China backed $326M ‘Tide and Health Campus’ retirement village opens its first stage this December, one hour out of Shanghai.
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