Jarra Property is pleased to announce that we are well progressed on the delivery of a $30m specialist disability housing portfolio involving the development of sixteen contemporary, high-quality homes in partnership with Identitywa, a leading West Australian disability support provider, and agency of the Catholic Archdiocese of Perth.
The homes are designed to meet the needs of individuals with Specialist Disability Accommodation (SDA) funding under the National Disability Insurance Scheme (NDIS). Stefan Piruk, Jarra Property’s Development Director, explained that the houses have been designed collaboratively with Identitywa with a focus on liveability and accessibility. He added that “the houses are in prime locations that ensure access to essential amenities, public transport, and proximity to family and friends.”
Mike Cameron, Commercial Director of Jarra Property commented that the project is progressing well with sites secured, demolition completed and builders on site at some of the locations. ‘We look forward to working with Identitywa to house up to 48 people in homes designed specifically for their needs.” Mr Cameron explained, adding that “the completion of the capital raise for this project reflects the growing interest in investments that not only offer strong returns, but also make a positive social impact.”
Marina Re, CEO of Identitywa, highlighted the importance of this project in addressing the unique housing needs of people with disability. “Our partnership with Jarra Property is a crucial step towards increasing the availability of specialist accommodation and we are excited to deliver homes that prioritise independence, accessibility and quality of life.”
With the Fund for this project now fully subscribed, the houses will be leased to Identitywa under a 10-year lease agreement, with options for two additional 5-year terms, ensuring long-term stability and support for residents and investors.
For more information about this project and future investment opportunities, please contact info@jarraproperty.com