News
Liven Communities to enliven over-50s land lease sector.
There’s an exciting new player about to redefine luxury retirement living
Australians aged over 50 have an exciting new choice in the land lease sector with the introduction of Liven Communities, an $800 million initiative to create 1,200 homes across the east coast of Australia, addressing the critical need for affordable, high-quality retirement housing.
GreenFort executives Adam Vaggelas, Nick Singleton, and Daniel Cheilyk established Liven in 2023 and purchased a 57,000m2 parcel of land on Beach Road at Hervey Bay, with approval to develop 132 homes and associated community facilities.
The group has also purchased an existing community in Gympie in Queensland, consisting of 26 homes on 25,000m2 site and an adjacent 75,000m2 parcel of land with development approval in place for a further 150 homes.
GreenFort Partner and Liven Communities Co-Founder Adam Vaggelas said Australia’s rapidly ageing population, lack of housing supply, and deteriorating housing affordability represented a significant opportunity.

“The domestic population base is ageing rapidly, and the provision of affordable housing supply has never been so constrained,” Mr Vaggelas said.
“We see a compelling opportunity to deliver quality, well located land lease accommodation which will assist senior Australians to downsize and release equity to fund their retirement.”
The GreenFort venture is the second for the investment partners after they joined forces on the Reside Communities retirement living platform in 2018. Since then, the Reside development and operating portfolio has grown to more than 1,000 homes with a gross value of approximately AUD$1 billion.
GreenFort, established in 2017, is a leading diversified Living Sector Specialist in Australia, with investments spanning Land Lease Communities, Retirement Living, Build to Rent/Multifamily, Disability Housing, and Childcare.

-
Recent Posts
- The Liven Beach Road story so far!
- Liven Communities expands its land lease platform.
- Hervey Bay officially one of Australia’s top spots for retirees!
- We’re off! Construction of Liven Beach Road gets under way.
- Find your perfect coastal lifestyle at Liven Beach Road.
- Take a peek at a day in your life at Liven Beach Road.
-
Categories
- News
-
Recent Posts
- The Liven Beach Road story so far!
- Liven Communities expands its land lease platform.
- Hervey Bay officially one of Australia’s top spots for retirees!
- We’re off! Construction of Liven Beach Road gets under way.
- Find your perfect coastal lifestyle at Liven Beach Road.
- Take a peek at a day in your life at Liven Beach Road.
-
Categories
- News