Retirement village investor donates $6 million to Asian art

Aug 26 2008 Updated July 4, 2023

The Weekly Source

1 min read

Melbourne-based nursing home/retirement village investor Allan Myers, QC, and his wife
Maria, have donated an impressive $6 million to the National Gallery of Victoria. Its the
gallerys second biggest cash donation ever and will go towards a new fund for buying Asian
art. Myers, once dubbed Australias richest lawyer, is a long-time gallery supporter and has
been the president of its trustees since 2004.

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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Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

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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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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Caroline Egan

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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

24 Jun 2025

Nine years and counting: Federal Golf Club, Canberra, taking legal action after Mbark’s retirement village approval rescinded

The golf club in Red Hill is taking ACT Civil and Administrative Tribunal’s decision to rescind an approved development application for its proposed retirement village by the acclaimed retirement living operator to the ACT Supreme Court in...

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Ian Horswill

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Legal Issues

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“Most of the amendments which will impact financial matters, such as deferred fees, exit entitlements, recurrent charges ceasing and maintenance and repair obligations, will be prospective. However, requirements in relation to village operations...

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DCM Institute hosts first Professional Development Day for ACT Village Managers

In response to a request from the Retirement Living Council’s ACT Committee, the DCM Institute – Australia’s leading professional development program for Village Managers – hosted its inaugural professional development day in Canberra on Thursday, 5 June, providing practical insights and guidance to managers from across the region.

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Ian Horswill

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Legal Issues

Village operator Retirees WA responds to ABC report on legal action involving former CEO’s husband

The Western Australian Not For Profit, which operates 19 retirement villages wih 290 units and two aged care facilities with a total of 200 beds, runs a scheme for discounted funerals. The operator issued a statement on Tuesday, 27 May, after the...

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Ian Horswill

02 Jun 2025