Lend Lease Retirement Living

Lend Lease Retirement Living is part of the Lend Lease Group.[1]

Lend Lease Retirement Living
TypeStrategic Business Unit
IndustryRetirement
Founded1992
HeadquartersMelbourne, Australia
Websitewww.retirementbylendlease.com.au

Lend Lease Retirement Living constructs, develops, owns and manages retirement villages. Lend Lease Retirement Living offers pre-sold developments and sells units to prospective residents and manages those facilities for a fee. With over 70 villages, Lend Lease Retirement Living is the largest developer, owner and operator of retirement villages in Australia and New Zealand.[2]

The business also provides "Independent Living Units", "Independent Living Apartments" and "Serviced Apartments"[3] to seniors which provides an independent lifestyle to residents while affording a secure location, companionship through the retirement village community and social activities and 24-hour emergency assistance.[4]

History

The business was originally conducted under the Primelife brand.

On 13 August 2007 the company restructured and changed its name to Babcock and Brown Communities.

In 2010, Babcock and Brown was acquired by Lend Lease, with the business rebranded as Lend Lease Primelife.

In 2011, Lend Lease moved to a single entity platform, with all business units adopting the name Lend Lease for consistency.

In March 2013 the business divested its aged care homes to Allity, a business owned by Australian Aged Care Partners.[5]

Retirement Living in Australia and New Zealand

In Australia, Lend Lease Retirement Living villages include:

Australian Capital Territory[6]

  • Isabella Gardens, Isabella Plains

New South Wales[7]

  • Annesley Bowral, Bowral
  • Ashton Gardens, East Maitland
  • Brentwood Village, Kincumber
  • Closebourne Village, Morpeth
  • Coastal Waters, Worrowing Heights
  • Dee Why Gardens, Dee Why
  • Glenaeon, Belrose
  • Henry Kendall Gardens, Wyoming
  • Lakeside Retirement Village, Bonnells Bay
  • Little Bay Apartments, Little Bay
  • Lutanda Manor, Pennant Hills
  • Nelsons Grove, Pemulwuy
  • Pittwater Village, Mona Vale
  • Rochford Place, Ropes Crossing

Queensland[8]

  • Allora Gardens, Maroochydore
  • Argyle Gardens, Bundaberg
  • Buderim Gardens, Buderim
  • Carlyle Gardens Mackay, Mount Pleasant
  • Carlyle Gardens Townsville, Condon
  • Eaglemount Retirement Resort, Mackay
  • Hibiscus Bellflower, Sippy Downs
  • Hibiscus Buderim Meadows, Buderim Meadows
  • Hibiscus Chancellor Park, Sippy Downs
  • Hibiscus Nambour, Nambour
  • Hibiscus Noosa Outlook, Tewantin
  • Keperra Sanctuary, Keperra
  • The Gardens On Lindfield, Helensvale
  • The Lakes Bundaberg, Bundaberg North
  • The Terraces, Forest Lake

South Australia[9]

  • Elliot Gardens, Port Elliot
  • Trinity Green, Mawson Lakes
  • Vermont Estate, South Plympton

Victoria[10]

  • Abervale, Grovedale
  • Burwood Terrace, Burwood
  • Caesia Gardens, Caroline Springs
  • Evelyn Ridge, Mount Evelyn
  • Fiddlers Green, Berwick
  • Forest Hills, Nunawading
  • Goodwin Close, Blackburn
  • Heathglen, Werribee
  • Highvale, Glen Waverley
  • Koorootang Court, Mount Martha
  • Lexington Gardens, Springvale
  • Martha's Point, Mount Martha
  • Meadowvale, Pakenham
  • Peppertree Hill, Rowville
  • Port Phillip Village, Altona
  • Tannoch Brae, St Albans Park
  • The Brighton On Bay, Brighton
  • The Village Williamstown, Williamstown
  • The Links at Waterford, Rowville
  • Viewbank Gardens, Viewbank
  • Waterford Park, Knoxfield
  • Waterford Valley Lakes, Rowville
  • Woodlands Park, Berwick

Western Australia[11]

  • Harbourside Village Mindarie, Mindarie
  • Homestay Village, Queens Park
  • Lakeside Village, Bibra Lake
  • Parkland Villas Booragoon, Booragoon
  • Parkland Villas Ellenbrook, Ellenbrook
  • Parkland Villas Mandurah, Mandurah
  • Parkland Villas Woodlands, Woodlands
  • The Pines, Ellenbrook
  • Timberside Villas, Woodvale

Financial Performance

Over the 2011 and 2012 financial year resales of retirement village units by the firm grew by 22 per cent to $266 million and turnover grew by 15 per cent. Over the year, 1,007 independent living units were sold.[12]

References
  1. "Archived copy". Archived from the original on 2012-02-03. Retrieved 2012-02-16.CS1 maint: archived copy as title (link)
  2. "Archived copy" (PDF). Archived from the original (PDF) on 2013-04-09. Retrieved 2013-04-08.CS1 maint: archived copy as title (link)
  3. http://www.retirementbylendlease.com.au/serviced-apartments
  4. http://www.retirementbylendlease.com.au/village-amenities-and-services
  5. https://blogs.wsj.com/dealjournalaustralia/2013/02/28/archer-capital-buys-lend-leases-aged-care-business/
  6. http://www.retirementbylendlease.com.au/retirement-villages/western-australia
  7. http://www.retirementbylendlease.com.au/retirement-villages/new-south-wales-and-act
  8. http://www.retirementbylendlease.com.au/retirement-villages/queensland
  9. http://www.retirementbylendlease.com.au/retirement-villages/south-australia
  10. http://www.retirementbylendlease.com.au/retirement-villages/victoria
  11. http://www.retirementbylendlease.com.au/retirement-villages/western-australia
  12. "Archived copy". Archived from the original on 2012-12-04. Retrieved 2013-05-27.CS1 maint: archived copy as title (link)
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