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McMillan also reviewed the net outcome of the merger of the Retirement Village Association with the Property Council after three years and the establishment of the Retirement Living Council, labelling it a success.
As President of the Retirement Living Council (and CEO of Australian Unity Retirement), Derek McMillan gave an upbeat opening address at this week’s RLC annual conference in Brisbane. His major points:
Investment fund Folkestone is the first serious Australian player to enter the retirement village sector since the GFC and it has recruited respected sector executive Stuart Nicolson to lead its investment.
Alzheimers Australia has just completed a study of retirement villages in conjunction with the Retirement Living Council. With the average age of village residents now at 81, one in eight residents will develop dementia.
Derek McMillan’s retirement arm of Australian Unity is seeking out government land releases in Sydney to build integrated vertical retirement villages and aged care along the model of their Melbourne Rathdown Place development.
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