Grace Munro aged care: Profits announced

Dec 02 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Grace Munro Aged Care facility in Bundarra, has announced it has turned a profit since opening 5 months ago. The aged care facility was previously run by McLean Village who intended to close it due to declaring it financially unviable.

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

Opinion

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes

30 Apr 2024

Aspen Group ups its offer to buy seniors rental operator Eureka

Aspen offered 0.28 of its own shares for every Eureka share, in a best-and-final bid that has no minimum acceptance conditions and runs until 28 May. It’s an increase from the 0.26 ratio it offered earlier, which has been rejected by the board and...

Ian Horswill

02 May 2024

Community Living

NSW delivered big development lift: Seniors Housing bonus in R1, R2 and R3 zones part of new NSW Transport Oriented Development planning reforms

The call by planners to include seniors housing in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The seniors housing bonus, which includes bonus floor space incentives of between 15% and...

Ian Horswill

30 Apr 2024

Community Living

The CAPs trend continues: Central Element buys 1232qm office block in Greenwich, Sydney, for over-60s senior’s living

With cashed up Baby Boomers an increasingly desirable market, more developers are looking to Community Apartment Projects (CAPs) rather than retirement villages to maximise their returns from land in short supply. Nathan Chivas, Central Element’s...

Ian Horswill

30 Apr 2024

Community Living

Only in SATURDAY: Think Big, Shared campuses – the evolution of senior living

DCM Group CEO Chris Baynes writes about a solution to the acute problem facing the retirement living sector: There are insufficient facilities being built. “Our conclusion is that large scale continuum of care retirement living campuses, backed by...

Ian Horswill

30 Apr 2024