SINGAPORE (Dec 3): Thakral Corporation is set to acquire another 46.4 hectares of prime land in Queensland, Australia, through its GemLife joint venture for over-50s retirement housing. 

In a regulatory filing on Tuesday, Thakral said that the land, located in Pimpama, within the Gold Coast region, will accommodate a world-class lifestyle resort for those aged above 50 years old. 

GemLife has committed about A$20 million ($18.7 million) to the resort, which will be its largest to-date.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook