For a new entrant to the retirement living sector, Patrick Abolakian impressed with an expansive vision for the RV sector at the sold-out LEADERS SUMMIT last Wednesday.
Over 80% of the 111 apartments, at an average price of $2.8 million ($28,000 per square metre), at the integrated care village have already sold and Patrick said it was the aim to have all apartments sold when it opens around June to August this year.
Patrick told the audience how he learned to understand the target market with Chanje Partners’ Founder Cameron Kirby.
"In the first half of 2021, we took some very extensive consultation, not just in the lower North Shore, but in Greater Sydney,” Patrick, Director of HYECORP Property Group, told LEADERS SUMMIT.
“They wanted a restaurant quality dining experience, stunning interiors, good acoustics in cafe, lounge and dining areas. Care and support services delivered into their apartments if and when they need it, and high staff to resident ratios in cases with lower resident numbers to feel like less of an institution and more like a home.
Hyegrove was conceived after the sessions.
“Luxury retirement living apartments, extensive amenities, monthly fixed fees for life, a 3000sqm open park and community gardens and a retail arcade including a dedicated medical precinct and a high-end boutique private aged care facility.
"Also our Care Hub on site, a new state of the art 4500sqm Club Willoughby, and a 470-cars basement underneath the whole site, connecting everything together,” said Patrick.
Browse retirement living options on the #1 listings website villages.com.au
