Aveo is undertaking a $280 million redevelopment of its Carindale retirement community.
Aveo is undertaking a $280 million redevelopment of its Carindale retirement community.

Aveo moves forward with $280m Carindale project

AVEO Group is well underway with construction of its $280 million, six-stage redevelopment in Carindale - the largest retirement development in south-east Brisbane.

The existing Aveo Carindale retirement community located opposite Westfield Carindale was established in 1985 and will now be redeveloped over six stages to deliver 432 independent living units and a 115-bed high care facility to support Australia's ageing population.

The $55 million first stage will comprise one, two and three-bedroom independent living apartments in two multi-storey contemporary apartment buildings, and will include consulting rooms to accommodate a GP, allied health and care professionals.

Other recreational and dining amenities available in the first stage include a restaurant, bar, gymnasium, outdoor swimming pool, movie theatre, library, games room, activity room and a beauty salon.

Aveo CEO Geoff Grady said the Carindale redevelopment was an important step to meet the changing needs of existing residents and tomorrow's retirees.

"When data suggests that 13.7 per cent of the projected population for Carindale in 2021 will be over the age of 65, redevelopments like Aveo Carindale are crucial to enable retirees to stay in their local area and in contact with their community social groups,” Mr Grady said.

"This community was constructed more than 30 years ago, so we're looking forward to delivering a stylish and modern Aveo Carindale that will cater to the tastes and needs of our new residents and the next generation of seniors.

"Aveo Carindale sits on almost three hectares of land only 16km south of Brisbane's CBD, which makes it the largest retirement development in the south-eastern suburbs catchment area - being in such a desirable location, we're not surprised that locals gravitate to the area and want to stay there for life.”

Mr Grady added that care and wellbeing services would remain a strong focus within the community.

"The wellbeing of our residents at Aveo Carindale is of paramount importance to us, and this redevelopment means that retirees can stay within the community they know and love, while also having the best possible services and facilities right on their doorstep,” Mr Grady said.

Local Member for Chatsworth Steve Minnikin said Carindale's wide variety of shopping outlets, leisure activities and wildlife corridors were a huge drawcard for people to reside and retire in the area.

"I am sure the redevelopment of Aveo Carindale will impact positively on job opportunities, local business and overall quality of life for those choosing to retire in Carindale,” Mr Minnikin said.

The first stage of the Aveo Carindale redevelopment is anticipated for completion in mid-2019, with the final stage due to be completed by 2028.

For more information on Aveo Carindale and to register for VIP events visit www.aveo.com.au/carindale or call 13 28 36.


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