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© 2024 The Weekly SOURCE
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Ingenia now positioned as the largest pure-play seniors living fund on the ASX

1 min read

Ingenia, Simon Owen’s reincarnated ING Real Estate Communities, has emerged as the largest pure retirement investment for professional investors. It now has a $429M in assets under management, including 43 properties made up of 3,557 units. 45% are rental and 44% are DMF villages.

Top Stories
Opinion

Three big questions the Budget must answer for aged care sector executives to move forward. Time for bravery?

With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...

Lauren Broomham
02 May 2024
Opinion

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes
30 Apr 2024
Mergers & Acquisitions

Healthcare Australia buys home care provider My Care Solution

South Australian family-owned home care provider My Care Solution has sold its operations to Healthcare Australia, which is owned by Sydney-based venture capital firm Crescent Capital. Healthcare Australia is a healthcare staffing business, with...

Caroline Egan
02 May 2024
The Weekly SOURCE

Disappointment confirmed: Taskforce recommendations excluded from next Tuesday’s Budget

I wrote in March that the release of the recommendations was “all about shifting the ground and conversations”

Chris Baynes
09 May 2024
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The Weekly SOURCE

Regis Aged Care sees rolled gold with four new developments with 433 beds

Regis provided a third-quarter update at the Macquarie Australia Conference, held in Sydney this week, where it confirmed that its profitability is “improving” thanks to increased Government funding and improved occupancy. The ASX-listed aged care...

Caroline Egan
09 May 2024
Topic - Developments

Only in SATURDAY: “Damned if you do, damned if you don’t”, so build $75M-plus RACs

Pre-COVID, aged care providers could build a new bed for $250,000. Today, the cost is closer to $500,000 in regional Australia with cheaper land, and $600,000 in capital cities. However, revenue has only increased marginally and profit per bed...

Caroline Egan
09 May 2024
Topic - Developments

Clayton Church Homes opens $28M luxury Adelaide aged care home Summerhill

Clayton Church Homes’ (CCH) $28 million luxury Summerhill development was officially opened last month. South Australia’s new Minister for Seniors and Ageing Well The Honourable Nat Cook MP and First Assistant Secretary of the Department of Health...

Caroline Egan
09 May 2024
Topic - Developments

“We’ve got a really big waiting list. The demand is massive. Extraordinary”

The Melbourne-based business which owns and operates Anchor Point retirement village in Warrnambool, the town on the Great Ocean Road, is spending $8 million to add another 27 units due to the demand. Anchor Point is positioned as an ‘Over 55...

Ian Horswill
07 May 2024
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