News and Announcements
Folkestone Acquires First Asset for Seniors Living Platform
- Published July 07, 2016 11:32AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
7th July 2016, ASX Announcement
Folkestone’s (ASX:FLK) real estate funds management subsidiary, Folkestone Real Estate Management Limited (FREML), announced today that it had exchanged contracts for the acquisition of Watermark Castle Cove, an award winning retirement living community on Sydney’s lower north shore, the first asset for its seniors living platform and the Folkestone Seniors Living Fund No. 1 (FSLF).
The acquisition of the Watermark Castle Cove retirement living community comprises:
- a 100 per cent interest in 50 existing independent living apartments (ILAs) and ILAs undr construction which will be paid for on completion (including leasing); and
- a 100 per cent interest in adjacent land for development of an additional 21 ILAson terms whereby part of the consideration is contingent on completion and leasing of the ILAs and the development is undertaken in a 50/50 joint venture with the Watermark Partnership.
To view the full announcement, please click on the button below.
Company Updates
Capital Is Flowing – Just Not to Everyone: Inside Australia’s $1.8 Billion Q1 2026
Australia’s startup ecosystem opened 2026 with a number that demanded attention. In the first three months of the year, $1.8 billion was raised across 81 venture deals and 26 accelerator rounds. That makes Q1 2026 the strongest start to a year since the 2022 boom, up 63% on Q1 2025, and more than double the […]
The control layer for the electrified home
THE MARKET SHIFT Australian households have been pulled into a real-time energy market they never knowingly signed up for. Flat electricity tariffs are disappearing. In their place: dynamic, time-of-use pricing that changes depending on when power is consumed. Electricity is now cheapest when solar floods the grid in the middle of the day — and […]
500 Million Episodes, Limited Treatment: How Patrys is Bridging the Gap in an Underserved Market
In the clinical vocabulary of the Intensive Care Unit, there is perhaps no word that carries as much quiet dread as delirium. It is a “chemical storm” of the brain—an acute dysfunction where the delicate balance between calming and activating signals is scrambled. For the patient, it can be a waking nightmare of hallucinations and […]
Backed By Leading Investment Groups and Family Offices
