The ING Real Estate Community Living Fund has reported an increase in occupancy across its Village Life portfolio.
The occupancy rate has increased from 71% to 78% over the six month period from September 2005 to March 2006.
ILF’s chief executive Ian Muir said the improvement in occupancy over 28 Australian villages were significant, given that during this time four new villages have opened.
The average occupancy of the new villages is circa 67%.
“One of the standouts is Swanview in Perth which opened on February 18, and currently stands at 60% occupancy with forward commitments taking it to circa high 70%s.
“More importantly the occupancy of the mature villages (older than 12 months) has increased from 81% to 83% over this same period,” he added.
By Kathryn O’Meara
