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Aspen Group: little change in profits
Aug 26 2010
1 min read
The Weekly Source

The Aspen Group has announced a FY10 profit after tax of $33.6 million, only slightly up from last year. Aspen was one of the few achievers last financial year, posting a profit of $33.2 million in FY09. Aspen Living currently manage five residential land estates in Australia and plan to create over 6000 home sites and build land assets to over a $1 billion.

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Topic - Developments

$2 million-plus a bed in Victoria – are they framed in gold?

The Allan Government says construction is underway on a new $69.7 million public aged care facility at Maffra District Hospital, 220km east of Melbourne.

Ian Horswill
7 hours ago
The Weekly SOURCE

Summerset breaks ground on fourth Victorian continuum-of-care village

New Zealand operator Summerset, which has 40 villages completed or in development across Australia and New Zealand, has marked the start of its fourth Victorian village with a sod-turning at Oakleigh South, 17km south-east of Melbourne’s CBD, ahead of construction commencing next week.

Ian Horswill
10 hours ago
The Weekly SOURCE

Keyton starts construction of third retirement living building at Brisbane racecourse

Keyton – operator of more than 75 retirement villages – has begun construction of Magnolia House, the third of five buildings at Bernborough Ascot, beside Doomben Racecourse in Ascot, 8km north-east of Brisbane’s CBD.

Ian Horswill
10 hours ago
The Weekly SOURCE

Serenitas snaps up Lifestyle Communities’ 205-lot Ocean Grove site, with two more deals close

Serenitas has acquired Lifestyle Communities’ 205-lot Ocean Grove site on Victoria’s Bellarine Peninsula for $46.2 million, below its 30 June book value of $54.8 million, with infrastructure works largely complete.

Ian Horswill
10 hours ago