Aveo signs agreement with the Springfield Land Corporation to develop up to 2500 units at the community’s seniors’ living campus

LISTED owner, operator and manager of retirement communities Aveo Group will develop ain integrated seniors living campus at the fast growing Springfield Central precinct, south west of Brisbane.

Chief Executive Officer of Sanctuary Cove Geoff Grady.

LISTED owner, operator and manager of retirement communities Aveo Group will develop ain integrated seniors living campus at the fast growing Springfield Central precinct, south west of Brisbane.

Aveo Group and Springfield Land Corporation have signed an agreement to develop the campus of up to 2500 units at Health City Springfield Central over the next 15 years.

The development will be known as Aveo Springfield.

Aveo chief executive Geoff Grady said: “This type of innovation in seniors living and aged

care in Australia is a very exciting concept and a function of our strategy to be Australia’s leading pure retirement group.”

At its half year results in February, Aveo outlined a development pipeline of 2835 new

retirement village units. With Aveo Springfield this pipeline will add significantly to this pipeline.

At the time Aveo, formerly FKP Group, said its established retirement assets contributed $23.8 million to group’s earnings, an 18 per cent increase on the same period a year before.