Issue 52

It took a 28-year-old to reboot the retirement living sector – at speed

Adrian Puljich was 28 years of age when he conceived GemLife and then convinced Singapore diversified investment business Thakral Corporation to commit 50% of funds to create the business. Nine years later it is valued at $1.58 billion. How did he...

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Where there’s a will

How much will the average Australian lose from their inheritance if consumer contributions for aged care are increased? Not as much as you would think. WORDS BY LAUREN BROOMHAM The average aged care resident would need to contribute around $110,000...

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OpCo PropCo: aged care operators create new capital flow

In the hunt for capital in the cash-strapped aged care sector, growing numbers of residential care providers are selling their most valuable asset aside from staff – the land and buildings their aged care homes operate within – and leasing it...

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900-plus homes in the next three years

Builder, developer and former retirement village owner Simon Chappel has created a new land lease business – remember the name Best Life Communities. WORDS BY IAN HORSWILL After a successful 30 years in construction and development, including...

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The next investment horizon

Social loans are a growing area of interest for aged care and retirement living providers looking to fund their development pipelines. WORDS BY LAUREN BROOMHAM Last year, Opal HealthCare became the first aged care provider in Australia to access an...

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Wellness centre and rideshare program brings residents and members of the community together

The operator has developed a successful initiative called Arvida Good Friends in Christchurch, which combines a number of services and activities designed to keep older people active and engaged in the community. With a range of membership options...

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Hidden suffering: Tackling grief in retirement living

In every retirement community, a high proportion of residents will be experiencing grief in one form or another. How can operators help residents at this challenging stage of life? WORDS BY CAROLINE EGAN It’s an uncomfortable reality that for many...

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Capitalism 2.0: delivering purpose and profit

FP Aged Care is upending the traditional equity base for the Not For Profit aged care sector – and aiming to prove that you can deliver on both social impact and margins. The new Not For Profit is drawing on multiple levels of capital –...

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Achieving mission and margin

Funded by social impact investing firm For Purpose Investment Partners (FPIP), new operator FP Aged Care is set for rapid growth in residential care – with retirement villages and higher care options to follow.

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Experience required

New entrants are flowing to the retirement living and land lease sector, say the banks – but you need the right experience to get your project financed. WORDS BY L AUREN BROOMHAM Several new entrants including UrbanLife and Hyegrove (see the clubs...

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If you’re not building a care element into your retirement living, you’re becoming irrelevant

“If you’re not building a care element into your retirement living, you’re becoming irrelevant” With land scarce and many clubs needing to find a new revenue stream, those with sufficient land are turning to partnerships to build independent...

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A few carrots, a lot of stick

Treasurer Jim Chalmers has promised to “restore dignity to aged care” in his second Budget – but its new funding measures come with a few catches. Here’s the major funding announcements that you need to know – and what they will mean for...

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Is Plan B finally coming to fruition?

The announcement of a new Aged Care Taskforce to review funding options for a “fair and equitable” system delivers renewed hope of a sustainable future to the sector.

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Group Editor

31 May 2023