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Australia’s second richest man, the creator of the Meriton apartment group, Harry Triguboff, has announced his next strategic move is likely to be retirement villages.
Brisbane Lord Mayor Graham Quirk (pictured) says his council is working on policy that within six months should make inner suburban retirement village and care developments economically more attractive.
Demonstrating the consumer acceptance of vertical retirement villages made up of apartments, not-for-profit operator Goodwin in the ACT has nearly sold out its 70 apartments in Stage One of it’s The Central development in the outer suburb of Crace.
Aveo has single-handedly dragged the professional investor market back into the Australian retirement village sector where it has been missing since March 2008. Last Wednesday Aveo’s share price hit $3.10 before settling back to $2.94 today – still a long way from $1.00 where it sat 29 months ago when Geoff Grady (pictured) took over as CEO.
Zhiyan is a national heritage village, with 700-year-old artefacts, located several hundred kilometers south-west of Shanghai. The local village authorities want to enhance its tourism potential.
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