John Chapman and Colin Green of Rabie Property Group with Roger Harries and Owen Futeran of the Harries Consortium on the site of the planned additions to the Oasis Luxury Retirement Resort at Century City.

Rabie Property Group has acquired from ArrowCreek a 50 percent stake in the Oasis Joint Venture which is developing the award-winning Oasis Luxury Retirement Resort at Century City.

Rabie is to continue with the development of the resort to realise its full potential, together with its joint venture partner, the Harries Consortium.

The initial joint venture company acquired land in 2005 and the rights to develop 450 retirement residential opportunities, a club house and a care centre. To date the club house, the care centre and 174 apartments in two apartment blocks have been built and handed over.

Apartments range from one-bedroomed to three-bedroomed apartments and penthouses and only two of the existing apartments remain to be sold. The total value of sales is just over R330 million.

“Oasis has a long waiting list of people wanting to buy into the next phase and the planning for additional residential units is well advanced. Rabie coming on board will give us a new impetus to realise these plans,” Roger Harries says.

“The Oasis Care Centre offers hotel-style assisted living apartments and frail care. It also includes a sub-acute care and post-operative facility as well as a specialist Alzheimer and dementia wing, which are licensed by the Department of Health and subject to stringent and regular inspection procedures.

“In addition the sub-acute section has been issued a practice number by the Board of Health Funders of SA (BHFSA) which allows medical aid patients to be admitted.”

Harries says the Oasis club is a luxurious and well-equipped indoor and outdoor centre offering an array of facilities including a 25m indoor heated pool, a massage room, a sauna, a steam room, a gym, a library, lounge areas, a restaurant, a bar and a billiard room.

“Our future planning also includes an extension to these communal leisure facilities,” he says.

Colin Green of Rabie Property Group says the Oasis Luxury Retirement Resort has won national and international awards, and is an important element of the Century City offering.

“For Rabie it is a natural progression of things allowing us to cover the full spectrum of residential development at Century City from starter homes through to retirement,” says Green.

For details on the resort go to www.oasisretirementresort.co.za.