Real Estate Investor Magazine July/ Aug 2020 July 2020 | Page 53

“The life right concept is
attractive for the older
person, who may have
neither the desire nor
the ability to maintain a
property,”
that sectional title, freehold and share block developers
cannot match.
Following an investment by PSG Alpha Investments
of R675 million into Evergreen Lifestyle, numerous new
villages have been delivered and are planned. The company
is behind some of South Africa’s most iconic retirement
communities in the Western Cape and Gauteng - with new
villages coming to KwaZulu-Natal and Port Elizabeth.
“Along with the financial benefits, a Life Right guarantees
a safe and secure home for the remainder of one’s natural
life, with the added benefits of resort-style facilities,
top security features, a fully-managed and maintained
environment along with health care facilities that typically
include 24-hour nursing, recuperative palliative care, and
frail care,” explains Bedeker.
The facilities cover a range of activities, all geared to
enhance the residents’ lives – sporting amenities such as
bowling greens, gyms and heated swimming pools; cultural
stimulation at art and photographic clubs; and medical
facilities for those who need assistance.
The Life Right Model is a welcome addition to the
options available for acquiring a retirement home as it also
delivers peace of mind and freedom from financial worry.
With transparent levies, and tenure guaranteed for life, the
prospect of living longer is no longer cause for anxiety.
SOURCE Evergreen Property Investments
SA Real Estate Investor Magazine JULY/AUGUST 2020 49