Retirement living group acquires landmark Brighton site

LDK Seniors Living, a leading national retirement living provider, has purchased a significant 2.1-hectare bayside landholding marking a strategic move into Brisbane’s thriving northern bayside corridor.

CBRE’s Will Carman and John Nucifora exclusively managed the sale of 16 Twenty Fourth Avenue via a competitive Expressions of Interest campaign.

Mr Carman noted the property attracted nine formal offers and 187 enquiries, underscoring the rarity and appeal of large-scale infill opportunities in coastal Brisbane.

“This transaction underscores the strong and sustained demand for large, well-located land parcels in Brisbane’s bayside suburbs,” Mr Carman said. “The buyer was drawn to the area’s premium coastal setting and demographic profile, which aligns perfectly with their upmarket seniors living model.”

Located just minutes from Sandgate Train Station, Hornibrook Highway, and Decker Park, the site benefits from excellent connectivity and amenity.

CEO of LDK Seniors’ Living Byron Cannon said, “We are thrilled to be bringing our innovative Seniors’ Living model to Queensland. This landmark site ensures our ‘One Move Promise’ with 24/7 care in the comfort of your premium retirement living home, lifestyle for life and simple contractual offering will be delivered in the best possible way, in our home state.

“There remains a significant shortage of high-quality senior living options that seamlessly support the continuum from independent living to aged care. This project marks a meaningful step toward fulfilling our vision: to ensure every senior Australian experiences their ageing journey with love, decency, and kindness,” Mr Cannon added.

Mr Nucifora said, “LDK Seniors Living’s acquisition highlights the resilience of the retirement living sector and the strategic appeal of Brighton as a lifestyle destination. The property was sold through a highly competitive Expressions of Interest process, with buyers recognising the rarity of securing two hectares of land so close to the water.

Zoned Community Facilities (Health Care Purposes Precinct) under the Sandgate District Neighbourhood Plan, the site offers substantial development flexibility. While sold without development approval, concept plans were drawn for a mix of residential offerings including detached homes, terrace homes, and apartments, positioning the site as a future catalyst for Brighton’s ongoing development.