Managing Director and CEO Tarun Gupta's first act when appointed to the diversified property group on 1 June 2021 was to buy Queensland lease operator Halcyon for $620 million the next month.
As of 30 June 2024, Stockland reported 41 land lease communities including in planning and review, with 60% in Queensland. The latest to be launched are Halcyon Vista, a boutique community with 161 homes, in the Logan Valley, and Halcyon Edgebrook, with 318 homes, in nearby Eagleby, and follow the success of Halcyon Rise, Stockland’s first land lease community in the Logan area.
“The decision to launch the two new communities almost simultaneously was driven by the demand for homes that allow buyers to downsize without compromise, settle more quickly, and move in sooner,” Stockland Halcyon Communities Project Director, Glenn Nugent (pictured), said.
If you are wondering why young retirees are moving into land lease communities, check out the facilities:
Halycon Vista: to open early in 2025, will include a pickleball court, 25m heated magnesium salt pool with spa, outdoor BBQ, outdoor yoga, gym and sauna, hobby shed, cinema, clubhouse with dance floor, lounge with fireplace, bar, kitchen, library, hair salon, rooftop bar, lawn bowls, games room with pool table and table tennis, multipurpose craft room and covered terrace with pizza oven.
Halycon Edgebrook: expected to open before mid-2025, will include pickleball courts, BBQ pavilion, games room including dart board, pool table and golf simulator, art studio, craft room, covered lawn bowls, outdoor entertaining, library, salon and treatment room, and everything else in Halcyon Vista, such as a 25m heated magnesium salt pool with spa.
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