fc24f69b8671935201b885aec4585c92
Log in
Menu
Log in
Search
© 2024 The Weekly SOURCE
Archive

Stockland announce no more acquisitions in the near future

1 min read

Any operator hoping Stockland will keep acquiring will be disappointed. In their latest Annual Report they have stated they will spend the next 12 months settling the Aevum purchase in. There is talk that they may even shed a village or two where the management has been problematical – a hangover from some of the ARC contracts in Victoria they inherited.

Top Stories
Community Living

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

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

Lauren Broomham
18 Apr 2024
You might also like
Development

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
9 hours ago
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
Buying

Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

Ian Horswill
22 Apr 2024
Finance

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

Lauren Broomham
18 Apr 2024
Log in