Becton: Suncorp finance secured

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

Becton Property Group has announced a development finance package with Suncorp-Metway Ltd for the group and its Retirement Alliance with Oman Investment Fund. The finance package includes a $20.1 million facility extended to May 3, 2011 to fund retirement development assets and sites owned by Becton.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Barossa Village revitalises underutilised land for the Buna/Kokoda housing project in Nuriootpa

Each of the five homes, which replaced two houses on the 2,400msq site in the town of Nuriootpa, the commercial centre of South Australia’s Barossa Valley, has been individually designed. “These are not one-size-fits-all units — they are...

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RSL LifeCare reduces expansion of Bullecourt Retirement Village in ACT

The charitable organisation has resubmitted a smaller expansion of the village in Kaleen, a suburb in the Belconnen district of Canberra, after opposition to a previous proposal in 2022. The new $35 million proposal reduces the building heights to...

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RetireAustralia expanding three retirement villages as new development progresses

The operator, jointly owned by New Zealand based infrastructure investor Infratil and NZ Super, is continuing expansion. The final stage of The Verge at Burleigh, Gold Coast, opened in May this year and The Weekly SOURCE can reveal it is expanding...

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The owner operator that has sold 600 dwellings in just six months

When Adrian Puljich, GemLife founding Director and CEO, spoke in the afternoon of the LEADERS SUMMIT 2022, everyone rushed back into the auditorium. DCM Group CEO Chris Baynes called Adrian’s speech a “masterclass in successful retirement living...

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Ian Horswill

20 Feb 2024