20 Oct 2021
SYDNEY, AUSTRALIA – Plenary Group subsidiary Pariter and Watermark Living have partnered to deliver a luxury retirement village and upgraded club facilities at Chatswood Golf Club in Sydney’s north.
Watermark Chatswood has received development approval to proceed, comprising 106 luxury two- and three-bedroom independent living units, a new clubhouse and facilities, a wellness centre and a major golf course upgrade.
Pariter CEO John Innes said the development is set to benefit new residents, existing club members and the broader Chatswood and Lane Cove community.
“This development is a great result for the club, improving its facilities for members and securing its long-term future,” Mr Innes said.
“Every apartment will be serviced by solar energy and a battery storage system among other sustainable initiatives, aligning with the golf club’s focus on sustainability, and the new clubhouse and redeveloped golf course will attract new members while unlocking value that can be reinvested back into the club.”
Construction is expected to begin early-2022 and be completed by the end of 2023.
Pariter is also in the early stages of partnering with Cumberland Country Golf Club in Greystanes in Sydney’s west on a 196-unit development, new clubhouse and wellness centre.
“We are working with Cumberland Country Golf Club to provide it and its members with an integrated sustainable design proposal. The development will provide the club with alternate revenue streams that will see the club continue to thrive.”
Pariter’s first project, Heathcote Grounds in the Sutherland Shire in Sydney’s south, is now fully sold.
Due for completion in 2022, the development comprises 55 quality, low-rise townhouses and apartments on the edge of Royal National Park and the restoration of one of the few State-significant heritage-listed homes in The Shire, Heathcote Hall.
Launched in 2020, Pariter is a development company focused on the origination, development and management of community infrastructure. It works with community associations, organisations and clubs to improve facilities and deliver sustainable residential and commercial developments that unlock value that can be reinvested back into core facilities, ensuring their long-term future through the provision of diversified income streams. A wholly owned subsidiary of Plenary Group, Pariter provides Plenary the opportunity to be engaged across the whole infrastructure spectrum, investing in delivering and improving local community infrastructure in addition to its public infrastructure portfolio. pariter.com.au
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