With the financial muscle of super fund Australian Retirement Trust (created from the merger of Sunsuper and QSuper), Odyssey Lifestyle Care Communities has bought a prestigious parcel of land in one of the Gold Coast’s most coveted areas, Cru Collective’s $2 billion, 5.6ha waterfront master plan estate.
Located in Burleigh Waters, the new Odyssey Lifestyle Care Communities' site spans 3,600msq and will offer lake, hinterland and ocean views. It has an existing approved masterplan allowing for buildings of up to 45 metres.
“We have set a high standard in the industry with our consumer led model and Odyssey’s expansion into Burleigh Waters enables us another opportunity to continue our vision of creating world-class communities that will reshape the aged care industry,” Phil said.
“We are currently in talks with architects on how many levels and apartments will be viable, but this community will include a combination of one-, two-, and three-bedroom apartments with additional penthouse options available.
“This is the ideal blend of retirement and aged care, with no waiting lists and you don’t need to move again as all the services, such as care, are delivered to you as needed into your home from our dedicated on-site team.
“You don’t need to be frail to live with us and if you own your home now, affordability to live with us should not be an issue.”
Odyssey Lifestyle Communities’ purchase will see it sit among a mix of waterfront residential, retail – including a market square, commercial and medical.
The acquisition follows Odyssey buying Stockland’s site in Hope Island, alongside the milestone of the first floor slab being poured for their Chevron Island community, which is scheduled for completion in 2025.
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