Thakral’s association GemLife gets approval to develop A$450 mil vertical land lease community in Gold Coast

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Thakral’s association GemLife gets approval to develop A$450 mil vertical land lease community in Gold Coast

Thakral Corporation’s association GemLife has received approval to develop Australia’s first vertical land lease community at Currumbin Waters, Gold Coast, for A$450 million ($384.12 million).  The vertical resort is designed to meet the demand for “high-quality over-50s living”, according to the filing on Feb 20. This development features six three-level buildings and one four-level building, offering 205 three-bedroom apartments which span 13.…