It was in October last year, The Weekly SOURCE reported the new entrants to the senior’ land lease community sector had bought two sites in Victoria.
Now it can be revealed the brand created by Elka Capital, the creation of David Laing and Tom McDonald, and The Lowy Family Group-backed Assembly Funds Management is called Springtree.
Springtree’s first over 50s lifestyle resorts is in Cobram, the Victorian town on the Murray River, and the second is in nearby Yarrawonga, in what will be a 10-plus land lease community portfolio worth more than $500 million.
Springtree Cobram is selling two- and three-bedroom homes from $399,000 to $529,000.
“More and more people are discovering the country charm of the Moira Shire while the ageing local population has also increased demand for more suitable, low-maintenance lifestyle communities such as Springtree Cobram and Springtree Yarrawonga,” said David Laing, Co-Founder of Elka Capital.
“We are very excited that the first two Springtree communities are located in this amazing region and look forward to playing our part in contributing to its thriving future.”
Browse retirement and community living and check availability across Victoria on villages.com.au
