The "retirement living" provider has acquired Australian property developer Stockland's retirement portfolio for $987 million.

Lincoln Gardens Retirement Village, Parklands Retirement Village and Bellevue Gardens Retirement Village in Port Macquarie are among the 58 developments Australia-wide to be rebranded.

Staff at both sites were expected to transfer from Stockland to EQT.

Levande has appointed well-known Australian businessman David Gonski as its chairman while the former Managing Director of Bupa Villages and Aged Care Suzanne Dvorak, is the chief executive officer.

In a release to media, she said the improvement and expansion of existing domestic support and in-home care services remains a key priority, along with sustainability, smart technology and connected living.

"The concept of retirement living is changing, so we think of it as lifestyle living," she said.

Three retirement villages in Laurieton have also transferred to Levande as of August 1.

They are Camden View Village and Queens Lake Village.

Levande, which means "vivid" or "full of life" in Swedish, will cater for 10,000 residents and is now one of the largest retirement living providers in Australia.

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