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.

Retirement villages have Canberra’s attention – now the sector must prove its value

Three years after Daniel Gannon took the reins of the Retirement Living Council (RLC), the sector has achieved something his predecessor Ben Myers was never able to: national recognition in Canberra. This is just the fist step. Retirement villages now need to capitalise on this moment. Here’s how.

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Ian Horswill

02 Sep 2025

Legal Issues

NSW retirement village operators now required to file annual capital maintenance report

The NSW Government has finalised and published the Retirement Villages Regulation 2025 (NSW), bringing in a number of key changes for operators.

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Ian Horswill

02 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Opinion

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Only in SATURDAY: how seven CEOs brought their organisations back from the brink

The introduction of the Australian National Aged Care Classification (AN-ACC) in 2022 was lauded as a gamechanger for the sector – two years on, the reality is very different. While many operators are benefiting from the increasing AN-ACC price...

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Stockwell tells investors Solana Lifestyle Resorts will provide 10.5% cash return per year

Mark Stockwell’s QLD development business is actively promoting three land lease community investment funds based on Solana Lifestyle Resorts. Stockwell, which has set up 28 investment funds with $380 million of assets under management, is now...

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Jason Howie: home care pricing uncertainty is stalling the sector

The uncertainty around the future of home care pricing - whether it will be market-based or a more fixed-price system - is putting the industry “on pause”, Jason Howie, Partner Strategy and Corporate Governance, Pride Living, has told The SOURCE.

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Caroline Egan

22 Nov 2023

Topic - Editorial

Provider and aged care peak plead for exemptions to Vic payroll tax increases

The CEO of Victoria’s largest family-owned aged care provider and the head of the peak body for aged care providers have pleaded with the VIC government to exclude the aged care sector from increases to payroll tax in the state. At the recent...

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Team Editor

14 Jun 2023