The Weekly Source on 16 July reported the third largest retirement living owner/operator had bought two new land developments.  

It can now be revealed Levande has paid $20M for one of the sites, a 5ha greenfield infill site at Highton, opposite the Waurn Ponds Shopping Centre in Geelong, Victoria.  

Levande’s proposed development will include around 120 independent living units, a clubhouse and communal facilities. The site is located adjacent to a large medical precinct and close to several aged care facilities and public transport. 

Their second site is part of the Castle Hill’s Showgrounds precinct, 34km northwest of Sydney’s CBD, which has undergone significant urban transformation as part of the Sydney Metro project, close to the Castle Towers Shopping Centre, The Hills Private Hospital, and Lakeview Private Hospital. Levande intends to build 217 independent living apartments (ILAs) in a mid-rise village format. 

Chris Nanni at Colliers Geelong says, “The campaign generated interest from local and national residential, aged care and retirement living developers, many of whom we know are still in acquisition phase throughout the Geelong region, as it continues to provide significant growth and opportunity.”  

He said there is continued demand for between 4ha to 12ha in the region. 

“There are a number of groups looking for large landholdings down on the Bellarine, Surf Coast and Greater Geelong. Some have secured sites already and some are still looking,” he said. 

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