29 November 2017

Media release

Stockland’s Somerton Park Seniors Living Community has been recognised by the Retirement Living Council at the inaugural National Retirement Living Awards winning the category for best village refurbishment.

The award, which recognises excellence in the refurbishment of retirement village units and facilities while ensuring minimal disruption to residents, was awarded to the village’s Souter & Zelling buildings which provide affordable 1 bedroom options for seniors.

The units have been upgraded from their original 1970’s décor to stylish and modern apartments to suit the changing needs of ageing South Australians, and beat six other finalists from across the country. The refurbished units remain at an affordable price point for retirees with prices starting from only $199,000.

Michael Wappett, General Manager of Sales, Stockland Retirement Living said: “We are exceptionally proud to see the Somerton Park refurbishment recognised by the Retirement Living Council at this year’s inaugural awards.

“These units provide seniors in Adelaide with a great opportunity to move into the sought after Somerton Park address and join one of our thriving retirement communities.”

Stockland is also undertaking an $11 million expansion of Somerton Park Retirement Village will see 35 new two and three bedroom homes built, offering the very latest, high-lifestyle features.

The new collection of contemporary villas will offer residents a low-maintenance lifestyle with private courtyard, spacious kitchen and living areas and ducted air conditioning and lock up garages and are designed for ageing in place.

Stockland will launch sales for the new Somerton Park homes this Wednesday 29 November, with 19 villas to be released and prices starting from $555,000*.

Michael Wappett continues, “The $11 million expansion of Somerton Park Seniors Living Community is about meeting the increasing demand for quality retirement living in South Australia, allowing people to downsize but stay in their local area.”

“As one of Australia’s top operators in Retirement Living, with over 12,000 residents living in 65 Stockland villages across Australia, we’re consistently striving to offer our residents the highest possible standard in retirement living and look forward to improving and growing our South Australian villages to offer our residents a better way to live.”

Somerton Park Seniors’ Living Community is currently home to over 210 residents and provides a wide range of accommodation options including serviced apartments, independent living apartments and villas.

The village offers an onsite restaurant, range of village activities and a village bus service. Located 12km south-west of the Adelaide CBD, Somerton Park is only 3km from Glenelg, one of Adelaide’s most popular tourist destinations, the village is also close to retail shops, transport and medical facilities.

Stockland continues to respond to strong demand from the growing number of retirees in South Australia who want to buy a low maintenance, well appointed, self-contained home within a dedicated retirement community.  

A $27 million expansion of Lightsview Retirement Village in Northgate is also underway, with 33 new homes completed and the new 550 square metre clubhouse expected to be complete soon.

Stockland currently owns and operates 11 retirement villages in and around Adelaide, valued at a total of $130 million, and home to 1,200 residents.

For anyone unsure if retirement living is for them, Stockland provides peace of mind with a money back guarantee within the first six months that a resident moves in.^

Customers who cannot attend the sales event can make an appointment to meet with a Stockland sales consultant at a time that suits them by calling 1800 72 71 70.

 

* Deferred Management, Exit Fees and other charges are payable. Subject to availability.

^ If within six months of moving in you change your mind and notify Stockland that you want to move out Stockland will refund all amounts you have paid to Stockland for your home (and if applicable the purchase price paid to the previous owner for a strata title purchase). Offer excludes any amounts payable to third parties for upfront costs (e.g. removalist fees and stamp duty) or ongoing costs (e.g. strata levies and utilities) in relation to your home.