The retirement living provider is fast tracking the second release of independent living apartments in its $280 million redevelopment at Aveo Carindale (just 12 kilometres outside Brisbane CBD) to meet unprecedented demand from retiree buyers after just two months on the market.
Aveo will release 27 additional apartments for sale early from the $55 million first stage, which is set to be South East Brisbane’s largest retirement community.
Aveo Group CEO Geoff Grady attributes stand out buyer interest to the community’s proximity to key shopping hub, Westfield Carindale, and increased demand from local seniors to remain within the area.
“The high volume of retirees buying off the plan ahead of the first-stage completion demonstrates how important redevelopments like Aveo Carindale are to ensuring retirees can continue living within their local community as their lifestyle and care needs change”, he said.
The existing community located opposite Westfield Carindale was established in 1985. The $280 million redevelopment will occur over six stages to deliver 432 independent living units and a 115-bed high care facility.
The first stage is due for completion in July 2019 with independent living apartments priced from $295,000. The first display apartments open for public viewing early June.
Construction is also on target to deliver the new community and lifestyle amenities including health care consulting rooms, a restaurant and bar, gymnasium, swimming pool, movie theatre, library, games room and beauty salon.