Country Club Villages
AustraliaAustralia
In April 2006, ILF announced the joint acquisition of a 30% interest in Country Club Villages. Country Club Villages is a private owner, operator and developer of retirement villages based in Ballarat, Victoria. This acquisition represented the Fund’s first acquisition in retirement villages operated under the Deferred Management Fee (DMF) model.
The portfolio comprises ten assets in various stages of development and will total approximately 1,900 units upon completion. The assets are located primarily in regional Victoria and Queensland.
Country Club Villages represents 2.4% of the Fund.