This article is from the Australian Property Journal archive
GAW Capital Partners and GreenFort Capital have formed a joint venture to acquire and develop an $800 million pipeline of over 50’s land lease community projects.
The JV allows GreenFort to expand its new Liven Communities business to an initial platform of 1,200 land lease dwellings across the east coast of Australia.
GreenFort executives Adam Vaggelas, Nick Singleton, and Daniel Cheilyk established the Liven Communities business last year and have acquired a 57,000 sqm parcel of land on Beach Road at Hervey Bay in Queensland, with approval to develop 132 homes and resort style community.
The group also recently purchased Willow Village in Southside, near Gympie in Queensland – an existing 26 home community on a 25,000 sqm site – together with an adjacent 75,000 sqm parcel of land with development approval in place for a further 150 homes and extensive recreational and community facilities.
