Since being founded in 2016 retirement sector Tim Russell and Mark Taylor have been developing six luxury vertical over 60s villages in sought-after locations in Brisbane, the Gold Coast and Sunshine Coast.
Talking to Aura CEO Sean Graham after the Westpac Leading Conversations at the Wharf in Brisbane, he said "This year is really a delivery year for us. We brought on our penultimate stage of 48 units at Corinda (main picture), southwest of Brisbane’s CBD, in February.”
“The second and final stage of Indooroopilly (88 units) is forecast to achieve Practical Completion later this month and the second and final stage of 65 units at North Kirra (southern Gold Coast) will be completed in the second half of the year.”
“A big year with over 200 units being delivered and very well supported by the market with 90% of them either settled or pre-sold (deposited).”
Tim Russell founded his first retirement village vehicle Meridian, later known as RetireAustralia, in 2006. Together with Mark Taylor as Chief Financial Officer, he grew RetireAustralia into Australia’s fourth largest village operator before its sale in 2014 to the New Zealand superannuation fund and private equity group Infratil for $640 million. He left RetireAustralia in 2015 to launch home care disrupter Five Good Friends with Simon Lockyer and Nathan Betteridge before founding Aura Holdings in 2016 with Mark.
Aura employs a Five Good Friends concierge in each of its villages, in addition to the village manager, to help advise on accessing aged care services including home care.
Browse villages.com.au for the latest on Seniors Living including availability.
The art of lobbying from former Cabinet Minister and Defence Minister Christopher Pyne at LEADERS SUMMIT 2024
S
