The second largest retirement village operator, which is owned by Brookfield Asset Management, has started the next stages of construction of apartments and villas at two NSW master planned communities, Bella Vista Haven and Shortland Waters.
The $60 million building program at Bella Vista Haven Retirement Living, 33km northwest of Sydney's CBD, will deliver 83 two and three-bedroom apartments, and a proposed multi-lane pool precinct. 
Aveo is also investing around $40 million to provide the next two stages of villas at Shortland Waters Retirement Living community, 10km from Newcastle, in the Hunter Valley neighbouring an 18-hole golf course.
“The new generation of retirees are healthier and more lifestyle-oriented than previous generations and we are designing Aveo communities to suit,’’ said Tony Randello (pictured), CEO of Aveo.
The retirement village operator is also spending $10 million on capital works. Its high-end community, The Manors of Mosman, in the Sydney harbourside suburb, has a new community centre with a restaurant, bar, and lounge for residents to enjoy with family and friends. Upgrades have recently been completed at Peninsula Gardens Retirement Living and are now underway at Minkara Resort in Sydney's Northern Beaches, as well as Lindfield Gardens and Fernbank Serviced Apartments on Sydney’s North Shore.
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