Masonic Homes Plans to Expand

SOUTH Australia’s Masonic Homes is continuing its push into residential development, announcing a plan to spend $6 million adding more units to a senior housing project.

The investment affects the Ridgehaven Rise Seniors Living Community business. It’s part of a plan by Masonic to invest $30 million this financial year on new development sites.

The company recently announced it had acquired residential development sites at Roseworthy, in South Australia and Palmerston in the Northern  Territory, according to the AFR.

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Marc Pallisco

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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