Finance

Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

Ian Horswill

22 Apr 2024

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

The owner/operator of 29 retirement villages, which is about to open its sector-leading Aged Care Hub at The Verge At Burleigh on the Gold Coast, follows Aveo’s announcement it is selling 16 villages. After Mirvac and Pacific Equity Partners each...

Ian Horswill

22 Apr 2024

Opinion

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

Lauren Broomham

18 Apr 2024

Finance

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

Caroline Egan

18 Apr 2024

Private

Eureka Group’s board again rejects Aspen’s second takeover bid offer

The move has been taken after Sandy Mak, Partner, Corrs Chambers Westgarth, acting on behalf of Aspen Group, lodged a second statement on its bid, stating its unsolicited takeover offer to acquire all Eureka shares for 0.26 Aspen shares for every...

Ian Horswill

17 Apr 2024

Sector Moves & People

Cushman & Wakefield launch new Alternatives platform for retirement investment

David Curtis (Capital Markets) and David Bruce-Clarke (Valuations) have been appointed Co-Heads of Alternatives for Australia and New Zealand by the global commercial real estate services operator. Noral Wild, Cushman & Wakefield’s International...

Ian Horswill

15 Apr 2024

Sector Moves & People

LEADERS SUMMIT 2024 speaker Noral Wild appointed CEO of Cushman & Wakefield, Australia and New Zealand

Noral, whose speech about how the retirement living sector can attract international investment looking for alternative investment, was one of the most informative in LEADERS SUMMIT 2024, has been appointed CEO of the Australia and New Zealand...

Ian Horswill

02 Apr 2024

Development

Australian Unity Property Trust selling medical centres to invest in aged care

Australian Unity’s $3.6 billion Healthcare Property Trust has put its Greensborough Medical and Dental Centre, 17km northeast of the Melbourne CBD, on the market and will use proceeds from the sale to retire debt and for east coast private...

Caroline Egan

28 Mar 2024

Finance

LEADERS SUMMIT 2024: “Need for about 6,300 retirement living units per annum just to keep up with current demand”

Noral Wild, International Director, Head of Alternatives – APAC, at Cushman & Wakefield, confirmed to the audience at LEADERS SUMMIT that there is international investor interest in the retirement living sector. “The investor interest in the...

Ian Horswill

26 Mar 2024

Finance

Stockland CEO Tarun Gupta throws curveball over land lease development

The man who is on the way to be the biggest Over 55s land lease community operator in Australia, with 12,000 homes by the end of 2024, has another innovative idea. It was a curveball for CBA CEO Matt Comyn: Tarun wanted the bank’s help building...

Ian Horswill

18 Mar 2024

News & Issues

Resident killed in fire at manufactured home estate Burpengary Pines Village, north of Brisbane

Mike Spencer, 83, was unable to get out of his home when it caught fire at the 200-home over 50s land lease community on Monday, 11 March. Two homes were destroyed by the fire. “The fire was that intense a number of surrounding homes have actually...

Ian Horswill

18 Mar 2024

Finance

Another month, another grant for a new RSL LifeCare Veterans’ and Families’ Hub

The person or persons lobbying for the Not For Profit operator of retirement villages, residential aged care, home care and veterans’ services, should get a pay rise in the new financial year. RSL LifeCare, in partnership with RSL NSW and...

Ian Horswill

18 Mar 2024

Finance

Just released StewartBrown modelling calculates Taskforce recommendations (if implemented) will deliver an additional $3.76B to both aged care sectors

Just released StewartBrown modelling calculates Taskforce recommendations (if implemented) will deliver an additional $3.76B to both aged care sectors This morning Grant Corderoy and the StewartBrown analysts released summary calculations, pointing...

Chris Baynes

14 Mar 2024