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Tag Archives: rural Victoria

Ingenia Communities Sells Corio Retirement Village to Residential Developer For $3.1 Million

lovely banks corio

INGENIA Communities, formerly controlled by Dutch investment giant ING and from earlier this month, a separate ASX listed company, has sold the Lovely Banks Gardens near Geelong.

The 65-unit village Corio village sold conditional on a rezoning which would allow for a residential redevelopment. A Victorian developer is said to be purchasing the site near Lindsay Fox's Avalon Airport.

In 2010, Ingenia ruled the "poor performing" asset as "non core" to its portfolio. It will pump funds from the sale into other developments, conversions and acquisition opportunities it is hoped will earn a return-on-investment of some 20 per cent.
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Qatari Government Buys More Rural Australian Property

hassad food

HASSAD – the agricultural arm of the Qatari government – is in negotiations to buy five properties in western Victoria, in a deal reportedly worth $45 million.

The portfolio will bring the value of Australian assets purchased by the overseas group in the past twelve months to over $100 million.

Hassad is said to be considering purchasing another major property in NSW from one of the Victorian vendors.
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