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ASX Listed Group Unveils $1 Billion Community

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Premier Annastacia Palaszczuk has officially opened the first stage of a $1 billion retirement village in the heart of Springfield.

The Premier said the $1bn Aveo Springfield project represented a great example of well-planned community development.

“Springfield is Queensland’s fastest growing community and in 20 years’ when this development is complete, the area will be home to more than 105,000 Queenslanders,” the Premier said.

The Premier said the opening of Aveo Springfield came just in time for the community to take advantage of a new grants program to help create more inclusive, age-friendly communities.

The Palaszczuk Government has committed $1 million over the next three years through Advancing Queensland: Age-friendly community grants.

Grants made through the program will range from $25,000 up to $100,000 and will help councils, organisations, not-for-profit groups, innovators and the community turn big ideas into action to help make life better for seniors.

As Aveo's largest project investment to date, it is set to become the country’s largest master-planned senior living community.

Aveo Springfield is located in Springfield Central’s Health City, adjacent to the Mater Private Hospital on a 10-hectare full-service site which will house 2,500 residences once complete.

As part of a 15-plus year project to meet the long term needs of residents, the retirement village will create 5400 jobs in the development stage and generate up to 580 job opportunities once complete.

Aveo Group CEO Geoff Grady said the development was a commitment to grow with older Australians by ensuring good health, greater living choices and a peace of mind to the community.

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“We know that by 2036, Springfield will boast a population of over 100,000, of which 20% will be over the age of 65 ... this master-planned community will meet the growing needs of retirees wishing to reside in this beautiful region," Mr Grady said.

The fully-integrated retirement village will include a child care centre, wellness centre, shops and cafes, providing the opportunity for all generations to come together and spend time as a family.

The interior design will incorporate generous flowing spaces, furnishable balconies, ample storage and finishes with ageing in mind, with large windows and light-filled space, neutral palettes for residents to add their personal touch, sleek kitchens and refined fixtures and fittings.

All common areas and residences will be fitted with personal emergency response systems and allow disability access.

“Greater Springfield is growing rapidly and has so much to offer people of all ages with opportunities to live, learn, work and play at the core of what makes this region a true destination of choice,” Springfield Land Corporation Chairman Maha Sinnathamby said.

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“Multi-generational living is an important and indispensable part of our master-plan and to have Aveo Springfield situated in our Health City precinct signals that we are dedicated to enhancing social and human capital in this regard."The first residents will move into the community from June 2017 to coincide with the launch of Stage 1A.
Project overview

Stage one

  • 66 independent living units and a community hub overlooking the new Jazz Park.
  • Spacious one, two and three bedroom apartment options, all with balconies and ranging in size from 63 square metres to 122 square metres.

Stage Two

  • 38 Independent Living Units.
  • 36 Assisted Living Units and a 1000m2 wellness centre where residents will have access to GP’s and other health professionals such as physiotherapists, a 20 metre heated therapy pool and café.
  • Due for completion in June 2018.
  • 144-bed high care facility, due for completion in early 2019.
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Article originally posted at: https://theurbandeveloper.com/articles/aveo-group-unveils-1-billion-intergenerational-retirement-community