Australia's Lendlease introduces new retirement community in Shanghai

Australian real estate and investment group Lendlease unveiled Ardor Gardens, a retirement community brand, the first with exclusive foreign fund in the Yangtze River Delta region, in Shanghai on Wednesday.

The company also announced that its first retirement community project will be put into operation and usher in the first batch of residents in September.

This retirement community located in Qingpu district on the city's west outskirts is complete with a service team mostly with five-star hotel work experience, a community health center, various leisure and sport activities and high-quality dining service. It features a green space ratio of 40 percent.

Ding Hui, president of Lendlease China, said that the ecology in the elderly care industry in the country is becoming more diversified these years.

"We hope that we'll provide an option for senior citizens who aim for an energetic lifestyle and quality service that cater to their needs after retirement," he said.

Ye Liming, director of the Shanghai Elderly Care Service Association's special committee of elderly care industry, said that Lendlease owns operation experience of retirement community overseas for more than three decades and he hopes that the service provided by Ardor Gardens can push further the industry's development in Shanghai, where individuals aged 60 and above accounted for 36.1 percent of its permanent residents, according to the latest data.

Ding said the company plans to introduce another three to five retirement community projects in China over the next five years and hopes that its international philosophy in elderly care will function as a supplement to the local elderly care style.