The best known brand in the village sector, Primelife, has been quietly buried by its latest owner, Lend Lease. Melbourne village pioneer, Ted Sent, built Primelife up to 3,950 ILUs. He then sold to corporate investor Babcock & Brown, who rebranded the villages Babcock & Brown Communities. The GFC hit them and Lend Lease progressively stepped in, rebranded the village operations as Lend Lease Primelife. With 100% ownership and 12,000+ residents, they will simply be known as Lend Lease villages. With the increasing village resident militancy across the country, 32 aged care facilities including 9 co-located, is there is a real potential of negative media exposure and risk for Lend Leases brand?
Redevelopments
$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.