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South Australia’s Freemasons have announced they will establish a $60 million benevolent trust following the sale of eight retirement villages to Stockland for $75.8 million.
Lend Lease Retirement continues to test vertical village and prestige strategies with the purchase last month of the 56-unit Trebatha Apartments in Elizabeth Bay, overlooking Ruschcutters Bay and Sydney Harbour.
Stockland has acquired 980 village homes across eight villages in South Australia from the not-for-profit operator, Masonic Homes.
Recently Stockland CEO Stephen Bull, flew the 49 managers and 49 Resident Committee Presidents of the 49 villages across Australia that Stockland owns and manages, into Sydney.
Last week we had the pleasure of a visit to our offices by Tom Hill, CEO of the Chinese subsidiary of the US giant of village and care goods and services, Direct Supply.
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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.
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