Rumours of the week

Mar 11 2012 Updated July 4, 2023

The Weekly Source

1 min read

ISTP is again in the hunt for a major retirement village play
A bank is considering re-entering the retirement market

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Acquisitions

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...

Lauren Broomham

24 Apr 2024

Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

The owner/operator of 29 retirement villages, which is about to open its sector-leading Aged Care Hub at The Verge At Burleigh on the Gold Coast, follows Aveo’s announcement it is selling 16 villages. After Mirvac and Pacific Equity Partners each...

Ian Horswill

22 Apr 2024

Whiddon completes $13M upgrade to three regional aged care homes: more to come

Not For Profit aged care provider Whiddon has completed a two-year, $13 million upgrade to its aged care homes in Narrabri, Wingham, and Bourke in regional and remote New South Wales. The upgrade includes refurbishing 50 rooms, upgrades to common...

Caroline Egan

5 hours ago

Development

The CAPs trend continues: Central Element buys 1232qm office block in Greenwich, Sydney, for over-60s senior’s living

With cashed up Baby Boomers an increasingly desirable market, more developers are looking to Community Apartment Projects (CAPs) rather than retirement villages to maximise their returns from land in short supply. Nathan Chivas, Central Element’s...

Ian Horswill

30 Apr 2024

Topic - Developments

Stockland expects to launch up to 12 land lease communities in FY24 with home sales up 50%

In a 3Q24 Market Update to the ASX on Monday, 29 April, the diversified property group said it had sold 104 land lease homes (versus 50 homes in 3Q23) with five new project launches over FY24 year-to-date. “As at 31 March 2024, there were 502...

Ian Horswill

30 Apr 2024

Topic - Developments

Pariter’s retirement living vision for Cumberland Golf Club in Sydney revealed

With its NSW Department of Planning and Environment State Significant Development (over $3 million) at the Exhibition stage, the retirement living development at Cumberland Country Golf Club in Greystanes, 25km west of Sydney’s CBD, will feature...

Ian Horswill

30 Apr 2024