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© 2024 The Weekly SOURCE
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Becton keeps working, despite share price

1 min read

While Becton has amongst the worst share prices in the property sector, it continues to win
big projects. Outside of its retirement village operations, it has been appointed by the NSW
Government to build the Bonnyrigg Housing Estate worth $733 million. Becton is the builder
in a Public Private Partnership (PPP) between Westpac Banking Corporation Limited, St
George Community Housing Association and the Spotless Group.

Top Stories
In the Headlines

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
16 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 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
Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill
08 Apr 2024
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Topic - Acquisitions

Eureka’s directors unanimously recommend shareholders reject Aspen’s takeover offer

The nation’s only pure-play provider of over 50s rental accommodation on Monday, 8 April issued its Target Statement and Independent Expert’s Report by Lonergan Edwards & Associates to shareholders to show why it considers the offer...

Ian Horswill
09 Apr 2024
Topic - Acquisitions

Eureka advise shareholders to reject Aspen takeover bid as new shareholder emerges

The nation’s only pure-play over 50s rental accommodation provider has advised the ASX that Melbourne-based Copia Investment Partners has acquired a 6.65% voting power with 20,080 shares held, impacting Aspen’s bid for Eureka. This announcement...

Ian Horswill
02 Apr 2024
Topic - Acquisitions

BaptistCare buys Presbyterian Aged Care’s home care business

In March last year, BaptistCare finalised the acquisition of three sites, each comprising an aged care home and village, from Tulich Family Communities, and in June last year it merged with BaptistCare Western Australi

Caroline Egan
27 Mar 2024
Topic - Acquisitions

Reside Communities hits 1,000 retirement homes after buying Live Life’s Maleny Grove village with plans for more

CEO and Co-Founder Glen Brown said its first retirement village on Queensland’s Sunshine Coast can be expanded and has gone to the local council with a development application. Built in 2010, Maleny Grove has 28 on-ground villas and a community...

Ian Horswill
18 Mar 2024
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