User Profile

12 hours ago

Mergers & Acquisitions

Infratil confirms “loss” on sale of RetireAustralia to new owner

RetireAustralia – long seen as one of the sector’s most innovative operators under CEO Brett Robinson – has changed hands, with co-owner Infratil confirming on Friday (8 August) it will exit with a flat return.

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13 hours ago

$66M SummitCare Penrith overhaul to deliver 93 seniors units and new care rooms

Family-owned aged care operator SummitCare has lodged a State Significant Development Application to transform its Jamisontown site in Penrith, 55km west of Sydney’s CBD, into a mixed seniors housing and care facility.

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13 hours ago

$77M Forestville RSL redevelopment with seniors housing approved in Sydney’s North

The Sydney North Planning Panel has unanimously approved the $77 million redevelopment of the registered Club built in 1959 in Forestville, 12km north of Sydney’s CBD. Northern Beaches Council recommended the development application to the Panel for approval, covering the construction of a single-level new Club and Garraway – a boutique retirement village with 52 independent living apartments.

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13 hours ago

Legal Issues

WA’s amended Retirement Villages Act signals major shift in operators’ obligations

Amber Crosthwaite, Partner specialising in Care and Living at WA legal firm Lavan, says the amendments to the Retirement Villages Act 1992 (WA) formally separate capital maintenance from capital replacement – a change that significantly alters operators’ financial and governance responsibilities.

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14 hours ago

Housing

Older women targeted for affordable housing plan in Melbourne’s southeast

Community Housing Ltd has proposed a 13-storey apartment tower in Dandenong, 29km southeast of Melbourne’s CBD, offering 86 homes for vulnerable groups. The application, prepared by Squareback Planning and designed by Cera Stribley, for a Ministerial Permit states the proposed development would target older women experiencing homelessness, veterans at risk of homelessness, victims of family and domestic violence, and frontline workers employed locally.

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14 hours ago

Developments

Harbison to build first co-located retirement village in NSW Southern Highlands

Harbison, the community-owned organisation, which has been providing aged care services to the Southern Highlands community in NSW for over 60 years, is building a retirement village on land near its aged care home in Moss Vale, 142km southwest of Sydney’s CBD.

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Community Living

Not For Profit Sylvan Glades plans expansion of retirement village in Yarra Ranges, VIC

Plans are progressing for an expansion of the Sylvan Glades Retirement Village in Monbulk, 42km east of Melbourne’s CBD, with community meetings already held to discuss the proposal.

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Living Gems scales back proposed Tamborine Mountain land lease community

The operator has reduced its proposed land lease community on Tamborine Mountain, QLD, in response to community and council concerns. The number of homes has been cut from 166 to 141, the overall footprint reduced, and green space and peripheral buffering increased to 4.5 metres to lessen the impact on neighbouring properties.

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Keyton named preferred partner for Cronulla RSL oceanfront redevelopment in Sydney

Retirement village operator Keyton has been selected to redevelop Cronulla RSL’s prized oceanfront site and car park, opposite the beach, 30km south of Sydney’s CBD. The club, which posted a $1.5 million profit in 2024 ($1.8 million in 2023), called for expressions of interest in October 2023 to secure its long-term future amid declining gambling revenue and growing food and beverage competition. As part of the deal, the club will remain a central feature of the redevelopment.

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Mergers & Acquisitions

Eureka Group Holdings buys sixth park in eight months with $6.7M NSW South Coast deal

Eureka Group Holdings has snapped up Coral Tree Lodge at Greenwell Point, marking its sixth acquisition in just eight months as it rapidly scales its all-age rental portfolio. The $6.7 million purchase of the 2.33ha waterfront site, 176km south of Sydney – comprising 123 sites, including 73 permanent and annual rentals and 22 motel units – delivers an 8.6% ingoing yield and follows a string of buys funded by its $70.4 million October 2024 capital raise.

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Sector Moves & People

Catholic Health Australia CEO Jason Kara resigns

After two years leading the peak advocacy body for Australia’s largest non-government group of health, aged and community care services, Jason Kara has announced his resignation.

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19 hours ago

Mergers & Acquisitions

RetireAustralia acquired by Invesco Real Estate for $845M

The global real estate investment management business, which has over US$80 billion in real estate assets under management, has forked out $845 million for the Brisbane-based retirement village operator.

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