Friday, 5 December 2008

Kellyville. Landcom sells site for $21 million

Landcom has sold a 12.7-hectre site in Sydney's north-west to Anglican Retirement Villages (AVR) for $21 million. Landcom and AVR is planning a new seniors living community, at The Ponds, comprising 200 independent living units as well as as 100-bed aged care facility. The new community will feature child-care facilities, cycle paths, walking tracks, sports facilities and a retail precinct.The project is part of a growing 390-hectare masterplanned community beside Kellyville Ridge.