Melbourne-based Not For Profit operator Benetas has announced it has agreed to buy The Parks Villages’ Bridgewater Lake Retirement Estate in Roxburgh Park, 21km north of Melbourne’s CBD.
“It is really important in the first instance that we work to a smooth transition for all involved,” said Benetas CEO Sandra Hills OAM (pictured right) in a statement. “Once this occurs, we will be looking at upgrades to the bowling green and completing the new homes that are under construction.”
Bridgewater Lake Retirement Estate is home to more than 200 residents. Benetas will take over on 1 April.
Benetas also owns Dalkeith Heights in Traralgon in the Gippsland region of Victoria, and is expected to launch St John’s Rise Retirement Village in Mooroolbark, 31km northeast of Melbourne’s CBD, mid-year.
The Parks Villages, a family-run operator, also owns and operates Langton Park in Campbelltown, 8.7km southeast of Adelaide’s CBD, and The Elms Retirement Estate at Kilmore, 65km north of Melbourne’s CBD.
