a6f708975c27a991b171d5bb42da917a

© 2024 The Weekly SOURCE

Topic - Aged Care

Aged care operator Estia looks to “significant and strategic” refurbishments to expand its portfolio: 16 homes undergoing major works

Jun 12 2018 Updated May 3, 2023

The Weekly Source

1 min read

Estia’s development pipeline

The listed provider is making use of land adjacent to its existing homes with 16 of its homes (1,631 beds) currently receiving the higher accommodation supplement and 15 approved and underway (1,301 beds), according to their latest presentation at the Morgan Stanley Conference.

Like Japara, Estia have also increased their additional services available to residents, including technologies; lifestyle and activities; and dining experience.

In addition, their bed numbers will rise to over 6,640 on the back of three new facilities being built at Southport, Sunshine Cove and Blakehurst (345 beds) and another two homes approved for St Ives and Wollongong (220 beds).

The provider also plans to add to its portfolio by acquiring existing operational homes or turnkey new homes.

Share

Top Stories

Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Topic - Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

You might also like

PROFESSIONAL DEVELOPMENT: HAVE YOUR SAY

The Retirement Living Council, in partnership with the Property Council Academy, have formed an education committee responsible for developing a professional development program for people in the retirement living sector. To ensure the program meets...

The Weekly Source

ATO plans to charge GST on manufactured home parks scrapped

A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home

The Weekly Source

McCrindle Baynes village census 2013 discovers retirement village industry is No.1

Our latest research project commissioned with McCrindle Research has just been completed with 5,200 residents across 236 villages and 23 operators completing a 46 question survey. The questions had been structured so that a Net Promoter Score could...

The Weekly Source

Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski

Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...

The Weekly Source