Aged care solar installation offers 30% return.

Apr 11 2013 Updated July 4, 2023

The Weekly Source

1 min read

Padman Healthcare, SAs largest private aged care operator, has invested nearly $400,000 on a 99 kW solar system at each of its Flagstaff Hill Centre and Lockley Centre, with the expectation of $120,000 savings in energy costs in the first year. They state they currently have electricity bills of $10,000-$14,000 per month, per centre. Padman is a family business with 12 centres in SA and two in QLD.

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...

Ian Horswill

22 Apr 2024

The Weekly SOURCE

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

24 Apr 2024

Development

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...

Ian Horswill

16 Apr 2024

Opinion

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...

Chris Baynes

22 Apr 2024

Why three-year fight to build 233 independent living units in NSW Mid North Coast is doomed

Congarinni North Pty Ltd’s appeal to the NSW Land & Environment Court to build 233 independent living units with recreational facilities, residential and visitor car parking on a 57.3ha site at Congarinni North, 1km northwest of Macksville, in...

Ian Horswill

22 Apr 2024

Retirement and Community Living

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

Ian Horswill

22 Apr 2024

Retirement and Community Living

Anglicare Sydney opens new Over 55s social housing site at Port Kembla

Growthbuilt has built 30 studio apartments as social housing for over 55s for the Not for Profit on the former Steelworks Hotel site in the Wollongong suburb, 94km south of Sydney’s CBD. The $10 million development has been jointly funded by the NSW...

Ian Horswill

22 Apr 2024

Retirement and Community Living

Mirvac CEO Campbell Hanan meets Serenitas Managing Director Rob Nichols in Western Australia

Mirvac and Pacific Equity Partners Secure Assets agreement to pay $1.01 billion, for a 95% ownership, with Serenitas CEO Rob Nichols’ Tasman Capital Partners keeping 5%, has been settled. Now Mirvac’s Group CEO and Managing Director, Campbell...

Ian Horswill

22 Apr 2024