The sites have been developed by one of the largest retirement village developers in Eastern Australia. The majority of these sites are domiciled on the North Coast of NSW.

IC150 - NSW - 219+ Retirement Units

IC151 - NSW - 85+ Retirement Units

IC152 - NSW - 120+ Retirement Units

IC153 - NSW - 120+ Retirement Units

IC154 - QLD - 173+ Retirement Units

IC155 - QLD - 177+ Retirement Units

IC163 - NSW - 42+ Retirement Units

IC164 - SA - 158+ Retirement Units

This is a total of over 1,300 new units on Intermoco Connect.

Each new site will be a five year contract for embedded electricity network services at its fully tenanted developments.

The revenue from the combined 9 sites is estimated at over $2 million per annum, with one-off equipment sales of approximately $800,000.

This prominent developer has now included the Intermoco Connect model into its existing and future developments. This will provide significant strength to its marketing strategies pre and post development activities.

Intermoco CEO Mr Ian Kiddle said: “Obviously we are extremely pleased to be able to announce a further nine sites for what is not only one of Intermoco’s major clients but also one of the Retirement Industry’s major participants. With these nine additional sites the number of Intermoco Connect sites has now increased to twenty three, more than a threefold increase since June 2011. We believe this further reinforces the market’s acceptance of our model and gives us excellent momentum moving into the second half of FY12.”

There are a number of other Intermoco Connect sites currently under discussion and negotiation and as these convert to contract the market will be updated accordingly.