Plans for new seniors residence unveiled
Lendlease, the largest owner, operator and developer of senior living communities in Australia, has unveiled plans for its first project in China.
Located in Zhujiajiao, Qingpu District, Ardor Gardens will be a senior living community with over 850 apartments capable of accommodating some 1,300 residents. It will open in 2021, senior executives of Lendlease said in Shanghai on Monday.
"The project marks Lendlease's strategic expansion into the growing senior living market in China," said Tony Lombardo, chief executive officer of Lendlease, Asia. "We are excited to combine our global experience in senior living with our over 25 years' presence in China to offer new senior living options in Shanghai and the rest Yangtze River Delta region."
Ardor Gardens will provide a complete range of facilities including recreational areas, health and wellbeing facilities, a spa, swimming pool, restaurant and a community clubhouse, as well as 5-star hotel style round-the-clock service.
Scheduled to open its visitor and sales center later this year, the project will be run under a membership model with 45-year membership fee starting from 2 million yuan (US$290,343).
Headquartered in Sydney, Lendlease is an international property and infrastructure group. In Australia, the company operates more than 70 senior living communities for 17,000 residents.