Fresh Hope Care have today announced the acquisition of Watermark Castle Cove, with settlement of the purchase occurring on Friday, 3rd July 2020.
Watermark Castle Cove is an award winning, premium resort-style village set in beautifully landscaped gardens and situated in a unique lower North Shore location.
The purchase of the Village from the Folkestone Seniors Living Fund operated by Charter Hall was communicated to all Residents on 27 May 2020.
Lynn Bailey, Executive General Manager of Fresh Hope Care says “We are proud to welcome the Watermark Castle Cove community into our broader network. The village is of high distinction with a vibrant community and an established reputation as one of the best in Sydney. The Watermark Retirement Services team will continue to manage the village on our behalf, and residents can look forward to the security provided by having an owner with an 80-year history of providing services to the New South Wales community.”
At a time of increased economic uncertainty, the acquisition of Watermark Castle Cove demonstrates the confidence held by Fresh Hope Care in the future of the retirement living sector and the importance of continued investment in well designed and connected communities.
Enquiries can be directed to Lynn Bailey on (02) 8573 6003