Development

Only in SATURDAY – the real reason aged care beds are hard to find

Oct 26 2023 Updated October 26, 2023

Caroline Egan

1 min read

The Department of Health and Aged Care puts occupancy at 86.2%. Our investigations differ.

To find out why, subscribe to our premium digital magazine SATURDAY HERE.

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

19 May 2025

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Redevelopments

$194M revamp of Uniting Wesley Gardens to deliver continuum of care on Sydney’s Northern Beaches

The existing residential care home will be demolished by the Not for Profit for retirement and independent living apartments, co-located with on-site support services, including a new aged care home. Simon Furness Uniting has considered the future...

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Ian Horswill

19 May 2025

SA’s Lutheran Homes Group expands into Victoria with two regional retirement village and aged care home acquisitions

Adelaide-based aged care, home care, and retirement living provider Lutheran Homes Group (LHG) is expanding beyond South Australia for the first time, acquiring two stand-alone Lutheran retirement villages and aged care homes in regional Victoria..

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Lauren Broomham

10 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Parties interested in buying Keyton’s Western Australian retirement villages in due diligence

The leading retirement village operator’s decision to sell its entire portfolio of 10 retirement villages in Western Australia was made in September last year. “They are still on the market with interested parties doing due diligence. That’s all we can say at this point,“ said Keyton spokesperson.

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Ian Horswill

26 May 2025

Topic - Acquisitions

Mergers & Acquisitions

Lendlease may have nibble for its 25% stake in village operator Keyton

The builder and developer, which has been under shareholder pressure to sell its remaining 25.1% stake in the retirement village operator for at least three years, is reported to have received a handful of approaches to buy it, according to The Australian.

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Ian Horswill

26 May 2025

Topic - Acquisitions

Mergers & Acquisitions

Legal & General acquires 75% stake in owner of land lease operator Vantage

Vantage is AVID Property Group’s land lease community brand, which has marked its first year in the burgeoning sector. AVID spent $284.5 million to buy eight Living Gems communities to announce the brand in March last year, adding it had earmarked...

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Ian Horswill

26 May 2025