PRESS RELEASE 1 MARCH 2018
Aura Holdings, South-East Queensland based specialist retirement living operator, has appointed McNab to build its $36million luxury retirement community at Lutwyche, just 4km from Brisbane CBD.
The Atrium Lutwyche, located at 11-15 High Street, Lutwyche, received development approval in December 2017 and will comprise 60 modern one, two and three bedroom apartments, 50% of which will enjoy city views.
Michael McNab, Managing Director of one of Queensland’s leading retirement and aged care construction companies, McNab, said he was proud to be awarded a second Aura Holdings development.
“Retirement projects like the Atrium are really raising the bar when it comes to independent living, and we’re excited to get this new project underway. For us, it’s about delivering a high quality build as well as a happy and relaxed environment for all the new residents at The Atrium.”
The Atrium will help address the growing gap in the market for quality retirement living in Brisbane’s inner city and is expected to be completed by mid 2019, with construction commencing mid 2018.
Tim Russell, Aura’s Director, said: “Over the next 10 years, the population of over 65-year-olds in Brisbane’s Inner North is projected to increase by 29% to 28,243 people. Retirees are increasingly looking for retirement living options that match their quality of life and are close to where they have always lived and their families.
“Retirees in Brisbane tell us that what’s really important to them is quality and choice when it comes to living options, so we are focused on tailoring our offering to their needs now and in the future. We are looking forward to working with the McNab team to deliver this exciting project,” Tim Russell said.
The Atrium Lutwyche Retirement Community is setting a new standard in luxury independent living with apartments selling now from $435,000 - $850,000. It is located within easy walking distance to transport links, restaurants, shops, medical facilities and entertainment. The community will include state-of-the-art facilities such as a rooftop deck with exceptional city views, heated indoor pool, library and café as well as on demand in-home care services through partner, Five.Good.Friends.