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IRT Group set to grow in Canberra

07 May 2018

IRT Group has successfully tendered for the purchase of land from Capital Airport Group (CAG) to build and operate a new co-located retirement living and aged care community in a new suburb of
Canberra’s Molonglo Valley district.

Situated in the emerging suburb of Denman Prospect, the land when developed by IRT will feature
independent living units, care suites, and include a café and associated retail accessible to the wider community. The vision for the development also includes integration with a childcare centre facilitating intergenerational engagement and interaction.

“As experienced seniors’ lifestyle and care providers we are delighted with the opportunity to grow
in the Canberra market, especially given the high demand for seniors living and care in the area,
including at our IRT Kangara Waters community in Belconnen,” said IRT Group CEO, Patrick Reid.

“We are also pleased with the obvious added benefit of increased employment opportunities for
people in the aged care and senior’s lifestyle services professions.”

Key elements of the design and built form will be developed collaboratively. As with IRT’s recent projects in NSW, future prospective residents and other stakeholders will be invited to co-design
features such as communal areas and neighbourhood precincts.

“With a strong focus on community and social sustainability our vision for the precinct is to
feature shared communal areas that will enable residents to foster strong social connections with
their broader neighbourhood; and encourage interaction across generations,” Mr Reid said.

The use of high quality materials and sustainable, energy efficient design principles will deliver
operational cost savings that will flow on to residents and minimise their ongoing daily living expenses.

“We were looking for a high-calibre partner with the same values as Capital Airport Group,” Stephen Byron, Managing Director of Capital Airport Group said. “IRT is known for providing seniors with the best care at the right time.”

“We want Denman Prospect to be part of creating the best solution for families who want to keep their parents close and ensure a continuing rich quality of life. IRT is the best company to help us do that,” Mr Byron said.

“Denman Prospect is a unique offering and IRT’s developments will create a one-of-a-kind facility
for Canberra and Molonglo Valley.”

Detailed planning for the development is expected to commence in the coming months, with development completion anticipated within a four year timeframe.

Media enquiries: Stephanie Whitelock 0427 188 512                                General enquiries: 134 478

About IRT Group:
IRT Group is one of Australia’s largest community-owned seniors’ lifestyle and care providers. With
almost 50 years’ experience and locations throughout NSW, the ACT and South East Queensland, we employ more than 2500 people and play a significant role in promoting seniors as dynamic, influential and valuable members of society.

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