Newcastle, New South Wales
Seventh-day Adventist Aged Care (NNSW) Ltd has finalised the acquisition of a further two retirement villages. The villages, located at Wyee Point and Belmont North, represent a significant step forward for the company. The decision to purchase in the Lake Macquarie area was based on very detailed market research covering 11 local government areas in the North New South Wales Conference, and represents the culmination of a two year project to find a suitable location.
This is a really exciting time for the Aged Care Company as we continue to grow and provide more services to older Australians.
Wyee Point village.
Both villages have room to expand, with the Belmont facility approved to 98 villas, with 48 currently built and occupied, and the Wyee village approved to 111 villas, with eight of the 14 completed units already sold, and the remaining six now officially on the market under the Aged Care Company brand.
“This is a really exciting time for the Aged Care Company as we continue to grow and provide more services to older Australians,” said David Knight, managing director of Adventist Aged Care (NNSW).