Seniors Living Community At Chatswood, NSW

In May 2017, Charter Hall entered into an agreement with Watermark Retirement Living to develop a seniors living community in partnership with the Chatswood Golf Club. The Chatswood Golf Club is located 11 kilometres north-west of the Sydney CBD on Sydney’s lower North Shore and has elevated views of the Lane Cove National Park.

Under the agreement, the FLK/WP Partnership plan to develop a new clubhouse, associated parking and seniors living community on circa 14,700 sqm of golf course land currently utilised for the clubhouse and car park. Work is underway to submit a planning proposal with the Department of Planning. Construction of the Project expected to commence in late 2018.

The new clubhouse will provide shared facilities for both Chatswood Golf Club members and the seniors living residents and will include a restaurant/bistro, bar, health and wellness centre, pool, gym and a cinema as well as new Club rooms, pro shop and golf simulators. In addition, the golf course upgrade will improve the course layout, water management and access roads.

Following planning approval, it is expected that Charter Hall’s interest in the project will be a suitable acquisition for the Folkestone Seniors Living Fund No.1.

Seniors Living Community At Chatswood Golf Club

Sector Seniors Living
Location Chatswood, NSW
Land Area (sqm) 14,700
Charter Hall Interest (%) 50
JV Partner Watermark/Chatswood Golf Club
Forecast Construction Commence 2019

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