This article is from the Australian Property Journal archive
THE Sydney Western City Planning Panel has rejected Ingenia’s plans to develop a 247-home retirement village at its Avina caravan park in Vineyard.
Ingenia had acquired the 19.6-hectare site of the Avina Van Village on Sydney’s western outskirts one year ago for $33 million, with plans to invest $20.5 million in the addition of the retirement village over a period of up to six years.
Avina, which has 197 spots made up of 35 permanent and 162 tourist sites, would have remained operational throughout the development process.
The panel’s decision comes over the top of Hawkesbury City Council’s recommendation of approval for the project.
ASX-listed Ingenia’s plans were met with strong resistance from some locals, who told local media the development was out of character with the area.
Ingenia’s chief executive officer, Simon Owen, said the group would await the final determination, due in the coming week, before planning its next steps.
“Whilst a priority project for the group, Avina represents less than 10% of our development pipeline of over 2,580 sites and our target for 350+ new home settlements in FY19 remains unchanged,” he said.
Australian Property Journal
