Queensland’s Eureka picks up 55-unit rental village for $93K per unit
The Gold Coast-based private provider has announced its first purchase for the 2016-17 financial year, buying out the Albert Gardens retirement village in NSW’s Orange.
In FY15, they added 13 villages to their portfolio, part of an aggressive “buy and build” strategy for the group which has seen their share price jump 47% in the past year.
They now have 22 villages in total (1,234 units) with 33 villages (1,993 units) under their management.