The RACV this week entered the retirement market with its purchase of the Royal Pines Resort on the Gold Coast for $60 million. This follows on from its Western Australian counterpart buying 50 percent of the St Ives Group. The RACV is thought to be considering a study into how it can improve its cash flow by embracing over 50s housing at its hotel / resort destinations.
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...