IRT Group plans facility in Canberra

IRT Group has successfully tendered for the purchase of land from Capital Airport Group (CAG) to build and operate a new co-located retirement living and aged care community in a new suburb of Canberra’s Molonglo Valley district.

 

Situated in the emerging suburb of Denman Prospect, the land when developed by IRT will feature independent living units, care suites, and include a café and associated retail accessible to the wider community.

 

The vision for the development also includes integration with a childcare centre facilitating intergenerational engagement and interaction.

IRT Molonglo Valley

IRT Group CEO, Patrick Reid said, “As experienced seniors’ lifestyle and care providers we are delighted with the opportunity to grow in the Canberra market, especially given the high demand for seniors living and care in the area, including at our IRT Kangara Waters community in Belconnen.”

 

As with IRT’s recent projects in NSW, future prospective residents and other stakeholders will be invited to co-design features such as communal areas and neighbourhood precincts.

 

The use of high quality materials and sustainable, energy efficient design principles will deliver operational cost savings that will flow on to residents and minimise their ongoing daily living expenses.

 

“We were looking for a high-calibre partner with the same values as Capital Airport Group,” Stephen Byron, Managing Director of Capital Airport Group said.

 

“We want Denman Prospect to be part of creating the best solution for families who want to keep their parents close and ensure a continuing rich quality of life,” Mr Byron said.

 

Detailed planning for the development is expected to commence in the coming months, with development completion anticipated within a four year timeframe.

 

13 May 2018.