NSW: UnitingCare makes $5.5 million Charlestown purchase.

Jul 19 2010 Updated July 4, 2023

The Weekly Source

1 min read

UnitingCare Ageing has purchased a former TAFE site in Tiral Street, Charlestown for $5.5 million.

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

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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...

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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

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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

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Whiddon completes $13M upgrade to three regional aged care homes: more to come

Not For Profit aged care provider Whiddon has completed a two-year, $13 million upgrade to its aged care homes in Narrabri, Wingham, and Bourke in regional and remote New South Wales. The upgrade includes refurbishing 50 rooms, upgrades to common...

Caroline Egan

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Developments

‘Great news’ for seniors’ housing in new NSW Transport Oriented Development planning reforms

The call by planners to include seniors housing, including residential aged care and co-located aged care and independent living, in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The...

Ian Horswill

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Development

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

Development

Stockland expects to launch up to 12 land lease communities in FY24 with home sales up 50%

In a 3Q24 Market Update to the ASX on Monday, 29 April, the diversified property group said it had sold 104 land lease homes (versus 50 homes in 3Q23) with five new project launches over FY24 year-to-date. “As at 31 March 2024, there were 502...

Ian Horswill

30 Apr 2024