Stonepeak has made an investment in Aura Holdings, a retirement village developer and operator in Queensland, Australia. Stonepeak’s investment, together with a committed development facility with senior domestic lenders, constitutes up to A$1 billion ($710 million) of available capital to support Aura’s extensive development pipeline and propel its next phase of growth.
Founded in 2016 by seasoned retirement sector executives Tim Russell and Mark Taylor and led by Sean Graham as CEO, Aura specializes in developing state-of-the-art retirement apartments and community facilities in highly sought-after, infill locations. To date, Aura has completed six retirement villages with nearly 800 units across southeast Queensland, with six in the near-term pipeline and more than 10 in early development.
Stonepeak’s investment in Aura marks its second platform investment in Australia and New Zealand’s retirement village sector, following its acquisition of Arvida Group Lim
