Archive

AMP Leaving the Sector

Nov 13 2008 Updated July 4, 2023

The Weekly Source

1 min read

It is understood that AMP is working its way out of the village sector, with plans well advanced in its untangling its association with Meridien. Just 12 months ago AMP Capital Investors promoted its $1 billion investment and their portfolio of 19 villages. At the RVA conference two yeas ago they stated they were going to be a long term player but by last years conference Marcus Willison also hinting they would not last the next 12 months. He was accurate to the month.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

Click here

Ian Horswill

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

Click here

Caroline Egan

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

Click here

Chris Baynes

26 Jun 2025

Legal Issues

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...

Click here

$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors

The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.

Click here

Judge reviews final payout approvals in Newmarch House aged care class action

Last Friday, the NSW Supreme Court’s Justice Peter Garling hears from parties in Shine Lawyers’ class action against Anglicare Sydney over the deaths of residents at Sydney’s Newmarch House in the early days of the pandemic.

Click here

Jury considers fate of police officer accused of manslaughter of aged care resident Clare Nowland

Senior Constable Kristian White, 34, has pleaded not guilty to the manslaughter of Clare Nowland, who he tasered at the 40-bed Yallambee Lodge aged care facility, in Cooma, 114km south of Canberra, on May 17, 2023.

Click here

Mirus Australia: 57% not confident about their aged care home’s data handling

Just over half of respondents who attended a webinar hosted by the aged care advisory group disagreed with the statement they have proper applications in place managing their data safety and have no manual processes. The same survey by Mirus...

Click here

Caroline Egan

06 Sep 2024