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Thakral JV buys two properties in Australia

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Published Mon, Sep 19, 2016 · 09:50 PM

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MAINBOARD-listed real estate company Thakral Corporation said on Monday that GTH Resorts - a joint venture between TCAP Partners (a subsidiary of Thakral) and PVAP Pty Ltd (a subsidiary of Living Gems Lifestyle Resorts) - has bought its first two properties in Queensland, Australia, to build retirement houses.

GTH Resorts will develop and operate resort-style retirement housing for seniors over 50. These properties are Bongaree, Bribie Island, which has a land area of 24.89 hectares; and Highfields, Toowoomba, which has a land area of 9.4 hectares.

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