Axiom Properties Limited announced along with its Joint Venture Partner that is has reached conditional agreement with Living Choice to sell circa 10 hectares of land for $5.5 million in its Glenlea Estate residential subdivision in Mt Barker, South Australia to develop an Over 55's Lifestyle Community. Contract settlement is conditional on the parties agreeing an infrastructure agreement and receiving development approval for the lifestyle village to the parties satisfaction, which is expected to occur towards the end of 2021. The proposed sale still leaves the Joint Venture Partners with a pipeline of over 250 allotments to construct, which it will continue to bring to market including the next stage being 1c. The Partners have now received finance approval from its financier BankSA to commence construction of Stage 1c, which incorporates a further fourteen larger allotments. The civil contract has been awarded to South Coast Sand & Civil who has made strong progress. Eleven of these allotments have already been contracted and the Joint Venture Parties expect further interest now that construction has started.