GemLife completed the acquisition of the land lease portfolio from Aliria for AUD218m.

GemLife, an operator and developer of land lease communities, completed the acquisition of the land lease portfolio from Aliria, an Australian property developer specializing in land lease, for AUD218m. “These new communities are a natural extension of the GemLife portfolio. They give us a strong foundation for continued expansion in regions where demand for high-quality, over-50s living is growing rapidly,” Adrian Puljich, GemLife Managing Director and Group CEO.