Becton: Suncorp finance secured

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

Becton Property Group has announced a development finance package with Suncorp-Metway Ltd for the group and its Retirement Alliance with Oman Investment Fund. The finance package includes a $20.1 million facility extended to May 3, 2011 to fund retirement development assets and sites owned by Becton.

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

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

24 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

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

Aged care training provider Altura Learning appoints Paul Goudie CEO

Aged care training provider Altura Learning, which is owned by Australia’s largest independent Not For Profit aged care provider, Bolton Clarke, had appointed education and technology expert Paul Goudie as its new CEO, effective 5 April 2024. Paul...

Caroline Egan

23 Apr 2024

Sector Moves & People

Southern Cross Care Tasmania to sell aged care home shut in 2021

The 1 hectare site of former Mary’s Grange Aged Care Facility, in Taroona, 7km from the centre of Hobart, which closed in 2021, is to be sold by Southern Cross Care Tasmania, through agents Knight Frank.

Caroline Egan

18 Apr 2024

Sector Moves & People

Only in SATURDAY: DCM Executive Retirement is more than simply placing an ad

James Teodoro, Executive Recruiter at DCM Executive Recruitment, which is an agency that specialises in talent acquisition for retirement village owners and operators, provides two examples illustrating why the community living sector should use DCM...

Ian Horswill

16 Apr 2024

Sector Moves & People

Senior Development Manager Mark McMahon appointed Acting CEO of Sundale

Peter Campbell has been filling as Interim CEO after Helen’s departure

Ian Horswill

15 Apr 2024