Topic - Developments

Catholic HealthCare pays $28.5M for Sydney bowling club

Jun 14 2016 Updated May 3, 2023

The Weekly Source

1 min read

Catholic HealthCare has purchased the former Maroubra Sports (Bowling) Club for $28.5 million with plans to build a new aged care hub for the area. The site, which was owned by the Maroubra RSL sub-branch and leased to the Sports Club for over 50 years, will now be home to a new campus providing residential care, respite and home care services to the local area.

It is located one block from Maroubra Beach

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

Community Living

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes

30 Apr 2024

Aspen Group ups its offer to buy seniors rental operator Eureka

Aspen offered 0.28 of its own shares for every Eureka share, in a best-and-final bid that has no minimum acceptance conditions and runs until 28 May. It’s an increase from the 0.26 ratio it offered earlier, which has been rejected by the board and...

Ian Horswill

02 May 2024

Community Living

NSW delivered big development lift: Seniors Housing bonus in R1, R2 and R3 zones part of new NSW Transport Oriented Development planning reforms

The call by planners to include seniors housing in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The seniors housing bonus, which includes bonus floor space incentives of between 15% and...

Ian Horswill

30 Apr 2024

Community Living

Shared Care closer than we may think for retirement villages – will independent living fade away?

Chris Baynes

30 Apr 2024

Community Living

Only in SATURDAY: Think Big, Shared campuses – the evolution of senior living

DCM Group CEO Chris Baynes writes about a solution to the acute problem facing the retirement living sector: There are insufficient facilities being built. “Our conclusion is that large scale continuum of care retirement living campuses, backed by...

Ian Horswill

30 Apr 2024