fc12c519772742628437484c17a491a9
Log in
Menu
Log in
Search
© 2024 The Weekly SOURCE
Archive

Babcock & Brown Communities Group (BBC) has option to grow by 60% to 9,800 ILUs under management

1 min read

Investment bank Babcock & Brown (through its Primelife/BBC business) has secured an option over the management rights of the unrelated Prime Trust group of villages which controls 3,600 ILU’s. Babcock & Brown already have 6,200 ILU’s across Australia and New Zealand, meaning they will control close to 10,000 ILU’s or approximately 85 villages. They also operate 940 beds in 17 aged care facilities.

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
Topic - Aged Care

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
Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 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
You might also like
Topic - Aged Care

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
Topic - Aged Care

Low vaccination rates may have impacted death rates in residential aged care

A lack of vaccination data The vaccination campaign began on 22 February 2021, and was criticised for being rolled out too late. Vaccinations in residential aged care were also criticised for being too slow. When the Omicron outbreak began in...

Caroline Egan
24 Apr 2024
Topic - Aged Care

Aged Care Minister Mark Butler’s big change for residential aged care

The Minister for Health and Aged Care Mark Butler announced during the week that pharmacists will be funded by the Government to go into residential aged care homes and deliver vaccines to residents for free, a measure that was previously only...

Caroline Egan
24 Apr 2024
Topic - Aged Care

Opinion: Hospital wait times are a dire sign of the future that awaits ageing Australia

The latest data shows hospital beds are at a premium – and older Australians are the most likely to miss out. Is there a solution? As we report in this issue, emergency wait times are at their longest in a decade while surgery wait times are at...

Lauren Broomham
23 Apr 2024
Log in