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A West Australian private company which has targeted the wealthy and pioneered the building of a retirement village on a university campus.
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St Ives Group is a private West Australian company. There is little information about their founders and owners. They energetically promote the image of the active aging person and a wealthy lifestyle. They build luxury resort style complexes and target the baby boomers. The policy seems to have evolved since the 1990s. They adopted the proven deferred payment model. They have built a retirement complex on a university campus.
The industry needed to understand that an investment in a retirement village was the beginning of a service not the end of a property transaction.
Mar 1997 Services as well as buildings
There was evidence in the emergence of a tier of professional aged-care service-delivery providers that the industry was making the transition to that understanding.
"There is a gap emerging between retirement village proprietors and the operators," Mr Halpern said.
In the future private specialist operators would have the capability to provide aged-care services to several villages.
His St Ives Group, for example, owns two villages, manages four and markets five villages altogether.
He hopes that once village services and infrastructure are well established services can even be extended to the wider community to those who want to remain in their own houses nearby.
Chronic Case / Retired Hurt The Australian March 29, 1997
The St Ives Group is developing the 145-home complex in partnership with Keywest Construction on 2.5ha of land between Tighe and Bishop Streets. The area at various times housed Winterbottom's Motor Company, Timber Wholesalers and Jolimont Market. "We think it is time to offer the growing number of baby-boomer retirees accommodation alternatives to meet their expectations," St Ives director Ray Fitzgerald said. "This will be WA's first inner-city development designed specifically for them.
Sep 1999 Inner city luxury retirement
"It won't be just a rose garden atmosphere with few facilities but a place where residents can enjoy a full and active lifestyle in a lively village next to Subi Centro and all of Subiaco's many attractions.
"It gives retirees the chance to enjoy a sophisticated lifestyle and a spacious apartment with outdoor entertaining facilities, with the added bonus of all the facilities and security at their own village."
"The St Ives village centre will achieve this by including a clubhouse with resort-style dining and leisure space, a pool, a spa and gym, a two-lane bowling green, mini golf, rooms for a doctor, podiatrist and physiotherapist, a convenience shop, an art and craft room and a business centre with Internet, e-mail and fax facilities," he said.
"Across the whole community, there has been renewed interest in inner-city living, as reflected in the success of developments in Subiaco, East Perth and Northbridge," he said.
When an apartment becomes vacant, it will be refurbished at the developer's expense, resold at market price and then there will be a deduction of between 8 and 35 per cent before the the balance is transferred to the owner or the deceased estate.
"If a person has lived there only one year, the deduction will be 8 per cent and for 10 years, 35 per cent," Mr Fitzgerald said.
Baby-boomer Heaven The West Australian September 25, 1999
The units, which are deliberately up-market to appeal to the growing number of discerning self-funded retirees, are available in August 2000.
Aug 2000 Upmarket units
St Ives Centro to break new ground. The West Australian August 19, 2000 (ABIX ABSTRACT)
St Ives Group director Ray Fitzgerald said retirement was no longer seen as a pit-stop on the way to the grave.
May 2002 The wealthy baby boomers
"Retirement is no longer about living like a church mouse and leaving everything to your kids," he said. "We are now seeing the first, large group of affluent, self-funded retirees enter the market for retirement housing and they are driving the marketplace towards a level of opulence that would have been unheard of even five years ago."
The eight villages in the St Ives Group range from Subi Centro's Balinese-style clubhouse to Murdoch's country club setting and Mandurah's riverfront houses. Prices range from just under $200,000 for a house in Mandurah to $540,000 for a 200sq m penthouse at St Ives Centro. Ongoing costs start around $55 a week.
A village clubhouse - with cafe, pool, spa, bowling green, Internet, art studio and rooms for health professionals - forms the hub of the St Ives Centro development.
Retirement, resort-style. Sunday Times (Perth) May 5, 2002
A retirement unversity
St Ives have pioneered one of the more interesting projects combining with a university to build a retirement village on the university campus. Retirees will be encouraged to participate in university life and to work for degrees.
ST IVES MURDOCH Retirement Estate has marked the first stage in an ambitious plan to develop Murdoch University's 220ha campus.
Nov 2000 Village on campus
Residents will have full use of the university's social, educational and cultural facilities, including Internet access.
WA's Governor, Lt-Gen. John Sanderson, officially opened the 6ha retirement village this week. Stage one, comprising 50 villas and the clubhouse, is complete.
Designed by McDonald Jones Architects and Oldfield Knot Architects, the complex will have 184 homes and villas to be built in four stages over three years.
Campus Facilities Available For Retirees The West Australian November 4, 2000
Residents are encouraged to take part in campus life - from attending lectures to simply hanging out at the student cafe.
Feb 2001 University lifestyle
The university's Opening Doors program allows residents to enrol in selected units for personal development, pleasure and intellectual stimulation.
Residents may also study formally towards a degree as a mature-age student.
The university's vice-chancellor, Steven Schwartz, said the concept was something which fitted perfectly into Murdoch's philosophy of life-long learning.
It offers luxurious retirement accommodation as well as access to the amenities of the university.
It marks the first stage of a plan to develop the 220ha Murdoch University grounds into a campus village with facilities to benefit the community. The vision borrows from university towns in the US, Europe and Britain.
Campus Lifestyle Beckons At Murdoch The West Australian February 3, 2001
St Ives web site is at <http://www.stivesgroup.com.au/>
For Updates:- A good way to check for recent developments in aged care is to go to the aged care crisis group's search page and enter the name of the company, nursing home or key words relating to any other matter in the search box. Most significant press reports are flagged there. The aged care crisis web site has recently been restructured and some of the older links used from this site may not work.
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This page created Sept 2006 by Michael Wynne