AMP also lining up with $100 million for Manchester Unity villages

Aug 01 2008 Updated July 4, 2023

The Weekly Source

1 min read

AMP Capital Investors joins Babcock and Brown Communities and Macquarie/Aveo in competition to buy 380 ILUs for sale by NSWs Manchester Unity.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

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Lauren Broomham

03 Jul 2025

Westpac Leading Conversations: Will Baby Boomers pay for additional village care beyond Home Care Packages?

The third video from the Westpac/DCM Group lunch in Adelaide gives great insight into where retirement living is heading as the need for care services in retirement villages rises. The question: Will Baby Boomers pay for additional village care...

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Ian Horswill

09 Dec 2024

Revised building regulations for NSW Aged Care properties now in force: Russell Kennedy

New building regulations came into effect from 3 July 2023, impacting Class 3 buildings, which includes ‘care-type’ facilities such as accommodation for older people, and Class 9d buildings, which includes buildings for people with care needs...

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Caroline Egan

19 Jul 2023

AI predicting medication intolerances, chatbots providing pill reminders, thumbprint-enabled devices – it’s the future of aged care

Medication management is a major compliance risk for residential care and home care providers, but new technology solutions set to roll out in the next five years will not only improve care – they will also benefit providers’ bottom line. Renee...

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Lauren Broomham

13 Jul 2023

Project Wellness

CHAPTER ONE: Fitness & Mobility HUR: Why You Need to Get Residents into Your Gymnasium The resistance training performed in gyms is a “preventative against ageing” – so why do so many retirement villages and aged care gyms lie empty?...

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Section Editor

09 May 2023