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Serenitas buys Lifestyle Communities' 205-lot site with two more purchases due
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Serenitas buys Lifestyle Communities' 205-lot site with two more purchases due
Serenitas has acquired Lifestyle Communities’ 205-lot Ocean Grove site (pictured) on Victoria’s Bellarine Peninsula for $46.2 million, below its 30 June book value of $54.8 million, with infrastructure works largely complete. In a 1Q26 Operational Update on 22 October, co-owner Mirvac said Serenitas is also in advanced due diligence on two additional sites totalling 708 lots, putting the portfolio on track to exceed 8,400 lots. Operational momen…
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