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Development Management, Asset and Property Management
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Retirement
Lend Lease Primelife owns and manages a portfolio of 70 retirement villages across Australia's mainland states and New Zealand.
Within the portfolio, 36 retirement villages are owned by Lend Lease Primelife, representing approximately 6,031 units. Ten villages are owned by external third party landlords and leased to Lend Lease Primelife under long term lease agreements. Under these agreements, Lend Lease Primelife retains full exposure to the deferred management fee income stream from these villages. Lend Lease Primelife also manages a further 12 villages where Lend Lease Primelife receives a fixed annual fee per unit, as well as a proportion of the deferred management fee income stream. For the remaining three villages, Lend Lease Primelife manages the facilities on behalf of third-party owners on a profit-share basis.
Each Lend Lease Primelife location offers residents a variety of leisure, recreational and health facilities and activities. Each is staffed by caring, dedicated professionals. Each is committed to the Australian and New Zealand Retirement Villages Accreditation scheme. And each one exemplifies Lend Lease Primelife's dedication to setting a new standard for retirement living.
For more information on villages please go to www.primelife.com.au
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