Retirement living operator Levande has secured development rights to build a 127-unit village at Oatlands Golf Club in north-west Sydney.
The 1.6ha site on Bettington Road, purchased from Mirvac, is the company’s seventh acquisition in two years.
Levande is to develop 127 independent living apartments across four buildings with two-level basement parking, plus 13 townhouses with basements.
The development sits next to the private golf course, around 18km north-west of central Sydney near Parramatta CBD.
Levande will build a new clubhouse for existing golf club members as part of the arrangement.
Chief executive Kevin McCoy said, “Oatlands is a wonderful part of Sydney and offers an outstanding quality of life to its residents” and “we’re looking forward to becoming an integral part of the local community”.
The site is close to transport links, Westfield Parramatta shopping centre, Westmead Hospital, and is near other Levande properties, including The Cambridge at Epping and Castle Ridge at Castle Hill.
This acquisition follows Levande’s recent approvals for a 217-apartment development at Hills Showground on a 1.25ha site, also targeting the retirement market.
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Levande recently secured Victorian Civil and Administrative Tribunal approval for changes to the Oak Grange Retirement Village in Brighton East—a 1.75ha Victorian site where it’s planning 253 units across three buildings to house about 400 residents.
In May this year, the developer lodged plans for a $70-million seniors living development on a 4.71ha former caravan park site at Highton, near Geelong. The proposal includes 125 homes with clubhouse facilities and community amenities.
The acquisitions reflect continued expansion in the retirement living sector, with Levande now operating 59 villages across four states.
The company provides services to more than 10,000 older Australians and employs more than 500 staff members.
Development timelines and construction values for the Oatlands project are yet to be disclosed.
