retirement living – realestatesource https://www.realestatesource.com.au Commercial and residential property news Sun, 20 Sep 2009 13:08:17 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.realestatesource.com.au/wp-content/uploads/2024/03/rsfav-100x100.png retirement living – realestatesource https://www.realestatesource.com.au 32 32 Stockland to Double Retirement Portfolio, Appoints New Head https://www.realestatesource.com.au/stockland-to-double-retirement-portfolio-appoints-new-head/ Sun, 20 Sep 2009 13:08:17 +0000 http://realestatesource.com.au/wordpress/stockland-to-double-retirement-portfolio-appoints-new-head.html
SYDNEY-based developer Stockland is continuing to ramp up its potentially lucrative retirement living division, appointing former management consultant David Pitman to the new role of group strategy head.

Mr Pitman said he wants to double the group's retirement portfolio to about 8,000 units over the next five to six years, which would boost department earnings from the current 7 per cent it contributes to Stockland's total coffers.

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The majority of Stockland’s retirement village projects are targeted at middle Australia. According to the AFR, Stockland carefully monitors median house prices and sales volumes – major influences that affect a retirees ability to sell their homes, and move into a retirement village.

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