Vic: Retirement building projects to create 800 jobs

AAP General News (Australia)
12-11-2000
Vic: Retirement building projects to create 800 jobs

MELBOURNE, Dec 11 AAP - New retirement and aged care properties planned for Victoria
would provide about 800 full-time jobs in the building industry, a management company
said today.

Retirement Services Australia announced $125 million worth of building projects, including
the $50 million redevelopment of Essendon Hospital and a $26 million independent living
and higher care apartment facility in Sandringham.

Managing director Clinton Casey said the need for purpose-built assisted care retirement
facilities that catered for older people was a rapidly growing market.

"The company has confidence in the Victorian economy and with a thirty per cent drop
in housing starts construction prices are highly competitive at the present moment," he
said in a statement.

AAP hmg/clr/hu

KEYWORD: RETIREMENT

2000 AAP Information Services Pty Limited (AAP) or its Licensors.