John Ireland keeps his $14 million promise to the Casino Mercy Sisters

Apr 05 2010 Updated July 4, 2023

The Weekly Source

1 min read

Southern Cross Care NSW CEO, John Ireland, has kept a seven year promise he made to the Mercy Sisters nuns at St Michael's Nursing Home and Hostel in Casino. This week SCC started construction on a new $14 million state-of-the-art aged care facility on their existing site. It will have 73 aged care apartments, including a dementia care unit, and will be constructed in stages over two years so all residents can remain at St Michael's.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Strong start: eight of first 13 homes sold in opening week at Stockland Halcyon Illyarrie in WA

Halcyon Illyarrie in Sinagra is the first Stockland Halcyon over 55s community in Perth’s northern corridor and follows the successful launch of Halcyon Wildflower in Piara Waters, 20km south-southeast of Perth’s CBD, last August. Stockland...

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HammondCare’s $63M final restoration of its aged care heartland begins

HammondCare’s final transformation of its flagship Hammondville site, 31km southwest of Sydney’s CBD, with two new multi-storey aged care homes began on Wednesday with the demolition of the original 93-year-old Bond House nursing home.

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Ian Horswill

22 May 2025

Buying

Single women drive demand at Adrian Puljich’s Aliria community in Rockhampton

Almost a third of purchasers in the $32 million Aliria on Dean, which will feature 57 architect-designed duplex homes in Berserker, a suburb of Rockhampton, have been women purchasing on their own. Widow Carry Lee, 69, said she began considering...

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Cushman & Wakefield tip “active” retirement living and aged care for landholding in blue chip Melbourne suburb

A landmark landholding in Melbourne’s blue-chip suburb of Hampton is set to enter the market and receive peak interest from both high-end developers and the buoyant Aged Care and Retirement Living market. The 3,662sqm site at 28-34 Service Street...

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Ian Horswill

12 May 2025