SINGAPORE (May 10): Thakral Corporation (TCL) has acquired, through its joint venture GemLife brand, an additional property in Queensland, Australia, to expand its development of resort-style over 50s retirement housing.

The new property is located at Maroochydore, Queensland with a land area of 18.9ha. With this new addition, the total number of retirement resorts under the GemLife portfolio grew to five.

GemLife Maroochydore will have 247 homes when completed bringing the total number of homes currently under the GemLife umbrella to over 1,200.

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