Construction has commenced on Aveo Group’s $1b retirement village in Springfield. Premier Annastacia Palaszczuk said the development marks the latest in a list of major projects set to lay down essential infrastructure and create jobs in Springfield.
The 20-year project is located in the 52-hectare $2.65b Health City and is estimated to create 5,400 construction jobs over the life of the project, and 580 permanent jobs once complete.
Artist Impression of a building in Aveo Group's Springfield retirement village
Source: Aveo Group
The development comes as the QLD Government aims to cater to the aging population – based on state-wide predictions, 20% of Queenslanders will be over 65 years of age in 20 years’ time.
Ms Palaszczuk said that the village plays a critical role in meeting the housing, lifestyle, health and aged-care needs of this aging population.
It is estimated that upon completion, around 105,000 Queenslanders will call Aveo’s Springfield retirement village home. The village will comprise 2,500 villas and incorporate independent living, supported living and aged care and offer a range of health and wellness services.
Source: QLD Government
Two Chinese investors – Guangzhou-based R & F Properties and Hong Kong-based Etone Investment Development Ltd – and Springfield Land Corporation (SLC) has signed a development agreement for a $6 billion mixed-use project in the Springfield region.
The Springfield joint venture – comprising of Sandfire Resources and Talisman Mining – has secured the key environmental approval required to begin development activities at Western Australia’s Monty copper-gold project located approximately 10 kilometres east of the DeGrussa mine.
As the 2016 year gets well under way, the city of Perth is gearing up for full swing on some of their biggest development projects yet. This means that some major improvements are going to be under way for Perth, which is not to mention the construction contracts, equipment hire companies and contracting jobs that are going to be available.
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