Babcock & Brown Communities Group (BBC) has option to grow by 60% to 9,800 ILUs under management

Jul 19 2007 Updated July 4, 2023

The Weekly Source

1 min read

Investment bank Babcock & Brown (through its Primelife/BBC business) has secured an option over the management rights of the unrelated Prime Trust group of villages which controls 3,600 ILUs. Babcock & Brown already have 6,200 ILUs across Australia and New Zealand, meaning they will control close to 10,000 ILUs or approximately 85 villages. They also operate 940 beds in 17 aged care facilities.

These new retirement villages show providing care is here and now

Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...

Click here

Ian Horswill

07 Oct 2025

Living with Dementia

Hammond Innovations launched to fast-track dementia and palliative care solutions

HammondCare CEO Andrew Thorburn has unveiled Hammond Innovations, a new initiative designed to rapidly turn smart ideas into practical solutions for older Australians living with dementia, palliative and complex care needs, at the Ageing Australia National Conference 2025 on 1 October.

Click here

Lauren Broomham

01 Oct 2025

Home Care

“Not a single additional Home Care Package has entered the system”: Senate Inquiry slams delays

Deep in the Report on the Senate Inquiry into Aged Care Service Delivery, released on Wednesday, is a startling revelation. “It is completely unacceptable that at the time of writing this report, and more than three weeks after the Government...

Click here

Caroline Egan

02 Oct 2025

Mergers & Acquisitions

Bain Capital assesses what’s best for fattened Estia Health 23 months after $838M buy

The US-based private investor is reportedly believed to have contracted investment bank Barrrenjoey to see if its residential aged care business can be sold for a sizeable profit or should be floated on the ASX. The Australian, which reported Bain...

Click here

Ian Horswill

09 Oct 2025

Thousands of NSW village residents to benefit from embedded network price cap

Embedded electricity networks – common in retirement villages, land lease communities, apartment blocks and shopping centres – supply multiple premises from a single grid connection and may include electricity, gas, hot water, chilled water or air conditioning. An estimated 95,000 NSW households are covered by these arrangements.

Click here

Further moves to accelerate retirement living in SA sit on desk of Planning Minister

South Australia – now at the epicentre of Australia’s aged care crisis – is yet to decide whether to allow greater building heights for large retirement villages and supported living developments, despite mounting pressure to expand accommodation options for its ageing population.

Click here

Ian Horswill

13 Oct 2025

Government Policy

Home care wait list surges past 120,000 ahead of 1 November

The number of Australians waiting for a Home Care Package has jumped to 121,909 – up 26% in just three months – as fresh data reveals the full scale of the home care backlog.

Click here

Lauren Broomham

10 Oct 2025

Government Policy

Aged care assessments like a “lottery” with Department forced to reallocate referrals

The Department of Health, Disability, and Aged Care has intervened in redirecting delayed aged care assessments to organisations that have “greater capacity”, following reports 120,000 older Australians are on the waiting list to be assessed.

Click here

Caroline Egan

09 Oct 2025