Keyton, the $3.2 billion retirement village spun out of Lendlease, has set itself an ambitious target of operating 20,000 living units as it concentrates its expansion along the eastern seaboard.

With around 13,500 units in its portfolio, Keyton is one of the country’s largest retirement village operators, typically building another 200 to 300 new units each year, including one project planned at the University of Wollongong.