Eureka Group's largest shareholder increases stake

Ben Cottle, who single-handedly stopped Aspen Group from buying the only pure-play over 55s and all-age rental accommodation provider, has increased his shareholding in the business.

Filetron, which is owned by Ben Cottle, founder, primary shareholder and Non-Executive Chairman of builder FDC Group, partook in Eureka's Dividend Reinvestment Plan, the Australian Securities Exchange was informed on 19 January 2026.

By taking up the reinvestment plan, Filetron's stake in Eureka increased from 21.98% to 31.59%, with a $44 million valuation. The next three major shareholders are:

• Copia Investment Partners 19.66%;
• Tribeca Investment Partners 11.06%; and
• Australian Retirement Trust 8.318%.

Eureka has acquired nine all-age communities in the past 11 months. Managing Director and CEO Simon Owen said it is has a further $90 million of non-binding acquisition opportunities under due diligence.

Eureka owns and rents more than 50 senior rental communities.