Mark Taylor (pictured left) and Tim Russell (right) know they can double the size of their high-quality retirement living product in South East Queensland but there is a hitch.

Aura Holdings needs a significant injection of capital funding and it has gone to the market to seek a new partner alongside its existing funding partner, Singapore-based SC Capital Partners.

Luke Prokuda, JLL’s Head of Equity Advisory, said Aura’s product is in growth mode, with an identified development pipeline to grow the portfolio to 2,000-plus units over the next five years.

“There is significant potential to grow the scale of the Aura platform given Australia’s retirement living sector is underpinned by compelling demographic tailwinds, low penetration rates, a wealthy target demographic and strong risk adjusted returns relative to traditional real estate sectors,” he said.

“Mark and I are excited with and committed to the opportunity to grow the portfolio to 2,000 apartments over the next several years,” said Tim, the founder of what is now RetireAustralia.