User Profile

13 hours ago

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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15 hours ago

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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International

Macquarie to launch $5B senior housing platform - in the US

Sydney-based Macquarie Asset Management is launching a dedicated senior hiousing platform across the Pacific Ocean. It has linked with Chicage-based Health Wave Partners, a boutique investment firm specialising in high-quality senior housing across...

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Development

Hyegrove Willoughby gains home care approval ahead of September opening

Hyegrove Willoughby has secured approval to operate as a home care provider, with services set to launch in September alongside the opening of its high-end retirement village on Sydney’s Lower North Shore, 8km north of the CBD. Developed by...

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International

NZ retirement villages take more than 20 years to turn a profit: Grant Thornton

Retirement villages in New Zealand can take more than two decades to become profitable, according to a new study from auditor and advisory firm Grant Thornton. The report, The Path to Profitability, found the average retirement village reaches...

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Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Awards

DCM Institute named one of the top L&D providers in Australia

The DCM Institute has been recognised as one of Australia’s leading learning and development providers by the Institute of Learning Performance Asia Pacific – a leading industry body of Learning and Development professionals with more than 3,000...

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GemLife lists on ASX with $1.6B valuation and bold pipeline of nearly 10,000 sites

ASX-listed land lease operator GemLife now has 32 communities and projects in its pipeline, with plans to deliver 9,836 sites across Queensland, New South Wales, Victoria and South Australia. GemLife debuted on the ASX last Thursday, marking a major...

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Awards

Aura Holdings’ Somerset Indooroopilly scores top architecture award as $3.2M unit sets record

The newly unveiled Stage Two O’Connell buildings, which are named in honour of June O’Connell, and have 88 apartments, were opened in October last year. COX Architecture, which designed the retirement village expansion, was awarded one of nine...

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Technology

SATURDAY: AI natural fit for home care, says Kinyara Health CEO Norbert Walther

Norbert Walther (pictured top), CEO of home care provider Kinyara Health, says his organisation is currently developing an Artificiak Intelligence-powered care planning tool aimed at overhauling the time-consuming initial assessment process. For...

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DCM Institute webinar on NSW Fair Trading village audits is on tomorrow – open to all Village Professionals

Calling all Village Professionals in NSW – DCM Institute’s next Lunch & Learn webinar is happening tomorrow, and for the first time, it’s open to all operators and Village Managers across the state. The session will feature senior...

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Calvary Health Care expands retirement portfolio amid 11.6% annual sales price surge

The Sydney-based Not For Profit’s three-year plan to elevate retirement living across its broader connected care model of hospitals, residential care, retirement living and home care has led to a 12.4% growth in occupancy and an average sales price...

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