Major ASX-listed seniors community developer and operator Eureka Group Holdings has looked at its land lease playbook and is making a game-changing pivot.

Eureka has bought Frenchview Lifestyle Village at Grantville, 100km south-east of Melbourne, and Paynesville Holiday Park, a mixed-use community 300km east of the Victorian capital in East Gippsland. 

Combined, the two communities —acquired off-market for $7.6 million and $6.6 million respectively—have 109 land lease homes, 24 park-owned rentals, 47 short-term and annual sites and 19 development-ready sites.