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The Kensington retirement home took possession of its new luxury building â€" located directly beside its old one on Lakeshore Road â€" on Monday. As well as featuring one and twoâ€"bedroom suites, equipped with kitchenettes and a stateâ€"ofâ€"theâ€"art alarm system, the residence has an exercise room, a billiard room, a library, a beauty salon, a large communal dining room, and a small private dining "There is lots of space and a great view," said Berti, as she gazed excitedly around her fourthâ€" floor unit. "Now I feel I need lots more furniture." By KATY CLARK Special to the Beaver fter a year of scrutinizing Athe building of his new $18â€"million home, 72â€"yearâ€" old Eddie Audit is happy that he has finally moved in. "I watched the construction every minute," said Audit with a grin, who is still trying to orientate himself in the Kensington‘s new fiveâ€"storey residence. Like Audit, 85â€"yearâ€"old Rosie Berti is also delighted with her new accommodation. Kensington residents move into new home With construction completed on the new Kensington Retirement Home on Lakeshore Road west, the old residence, the former Royal Oak Hotel (seen here on the leftâ€"hand corner of the block) will be demolished. (Photo by Peter McCusker) At 33, Holowesko is responsible for coâ€"ordinating worldâ€"wide equity research in addition to directly managing Acclaimed at the handâ€"picked successor for the renowned Sir John Templeton, Holowesko is the portfolio manager for Templeton‘s flagship mutual fund, Templeton Growth Fund, started by Sir John in 1954. The fund was one of the first international mutual funds. Templeton President and Director of Global Equity Research, Mark Holowesko, will be addressing local investors on July 19th. Templeton president speaks to investors Eddie Audit moves into his new Kensington Apartment with the help of Kensington marketing director Dianne Seppa. room for residents who want to entertain friends and family alone. "It‘s just like a first class hotel," said Diane Sepa, marketing coâ€" ordinator for the Kensington. "Whatever (the residents‘) lifestyle has been, we want them to continue it on in this new building. Holowesko‘s track record has reeeived wide press and television coverage including his appearances on CNBC Business News, Nightly Business Report and Wall $treet Week with Louis Rukeyser. Holowesko will address area investors on trends in global equity investing and will share his insights into emerging trends for the 1990s. The presentation starts at 8 p.m. on Tuesday at St. Volodymyr Cultural Centre, Dundas Hwy. W. several mutual funds totalling $17 billion U.S. On Monday, crews will start tearing the old residence down. Four retail stores will be built in its place and a large garden will be planted on their roofs so the Kensington residents can walk outside. "It hasn‘t all been a bed of roses," said Sepa. "Our residents have a lot of mixed emotions." When construction started, each Kensington resident was given a hard hat and like Audit most of them watched the building grow daily. Although the new residence is far superior to the old, not all of the Kensington‘s 45 residents were happy to leave their old home. But with the help of their families, Sepa says, the residents are gradually settling into their new home. In 1982, the Royal Oak Hotel on Lakeshore Road was converted into a retirement home. Three years ago, International Care â€" a subsidiary of London Life â€" purchased the building with plans to knock it down. "The heating system was antiquated, and there was no air conditioning. It was just an old building," said Sepa. Countrywide Hnearth 6 Home reatty inc Gorgeous ROSES SWEEPING LAWNS surâ€" round this Pretty 3 BR home in Quiet , TUCKEDâ€" AWAY SOUTH EAST LOCATION, PERFECT for COMMUTERS!! Old World QUALITY of plaster hardwood construction PLUS Loads of UPDATES!! 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