Seniors Living Fund No.1 right-arrow

Folkestone Seniors Living Fund No.1 advises that on 22 June 2020 Unitholders voted in favour of the sale of the Fund’s interests in Watermark Castle Cove Retirement Village situated at 8b Deepwater Road, Castle Cove, NSW and the wind-up of the Fund.

Watermark Castle Cove
Asset Name
Retirement Living Community
Asset Type
Fund Expiry
Fund Expiry


Folkestone Seniors Living Fund No.1's investment strategy, is to own and develop high quality retirement living communities in Sydney by investing in operating facilities and/or partnering with quality operators to own and/or develop retirement living communities.

  • The Fund closed oversubscribed on 22 September 2016.
  • The Fund raised $25.66 million and acquired its first asset, Watermark Castle Cove, an award winning retirement living community on Sydney’s lower north shore, the first asset for its seniors living platform.


Points of Interest

Board of Directors

Richard Gates
Non-Executive Director
Charter Hall
Greg Paramor
Non-Executive Director
Charter Hall
David Harrison
Managing Director & Group CEO
Charter Hall

Key Executives

Ben Dodwell
Head of Diversified Development
Charter Hall
Adrian Harrington
Head of Capital & Product Development
Charter Hall
Lula Liossi
Investor Relations Manager
Charter Hall

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Important Information
This information has been prepared by Folkestone Seniors Living Management Limited (ABN 46 29094185092) (AFSL 238506) ("FSLML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.
FSLML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity ("Schemes") which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost)