NT: Government announces $40m housing redevelopment

Jun 07 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Northern Territory Government has announced a $40 million redevelopment plan for the Wirrina housing site in Darwin. NT Construction company, Sitzler has been selected to build the 100 new units which will include seniors, affordable, public and private housing.

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...

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Aged Care

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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.

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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?...

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Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

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Respect Aged Care CEO Jason Binder appointed to Ageing Australia board

The leader of the Not For Profit aged care turnaround specialists will replace Stephen Muggleton, who retired as Group CEO of Bolton Clarke on 30 June 2025. Jason’s appointment as a Multi-State Director took effect on 1 July, with his term set to...

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Stephen Muggleton reflects on building Australia’s largest NFP care provider as Bolton Clarke hits $1.98B revenue

Stephen officially stepped down as CEO on 30 June after transforming Bolton Clarke over his 10-plus years in charge of the Brisbane-based operator. Last Friday, Stephen posted on his LinkedIn page: Final sign-off and reflection. “The end of the 2025...

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01 Jul 2025

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Adventist Care to open 65 new independent living apartments at Rossmoyne Waters, Perth

Adventist Care is set to unveil 65 new independent living apartments as part of Horizon, the second stage of the Not For Profit’s Rossmoyne Waters redevelopment in Perth’s southern suburbs. The new development complements stage one, Australis...

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Ian Horswill

30 Jun 2025