Exclusive: Hall & Prior plants QLD flag with aged care and village acquisition
Private provider Hall & Prior has made its first aged care investment in southeast Queensland.
The operator has acquired Sir James Terrace residential aged care facility and associated retirement villas in Deception Bay, around 45 minutes north of the Brisbane CBD.
The transaction was facilitated by Health Aged Care Confidential (HACC), with the campaign run off-market and attracting strong interest from several industry parties.
Sir James Terrace comprises 77 residential aged care beds alongside approximately 15 retirement villas, enabling ageing in place on a single site – a model that attracted increased buyer interest during the campaign.
According to My Aged Care, the facility’s Refundable Accommodation Deposits currently range from $475,000 for a Standard room to $500,000 for a Balcony room.
The facility has been owned and operated by SJT Aged Care Services Pty Ltd ATF SJT Unit Trust, a family-owned private operator. The directors during the most recent financial year were David Nelson and Roger Mussett.
The sale price has been withheld due to confidentiality provisions. HACC’s Phil Smith confirmed the process was “extremely competitive”.
Queensland expansion begins
Hall & Prior already has a strong presence across New South Wales and Western Australia. The Deception Bay acquisition marks the beginning of its expansion into Queensland.
The deal follows the October 2025 sale of the Lake Cathie aged care facility in NSW to Hall & Prior – also brokered by HACC – as part of the provider’s broader growth strategy.
Market test under the new Act
The transaction comes in the early phase of the new Aged Care Act, passed on 1 November last year, with larger operators increasingly consolidating through acquisition as construction of new aged care facilities continues to be challenged. This is particularly the case in southeast Queensland where high build costs are challenging project viability.
As one of the first transactions completed since 1 November, the competition for Sir James Terrace suggests buyer demand for existing assets remains strong.
HACC’s Jeremy Dunn said the firm is currently managing divestment processes for around 10 aged care facilities or retirement villages, with further major announcements expected before the end of June 2026.
