In 2005 FKP and Macquarie purchased the Metlifecare business in New Zealand from Mr Cliff Cook. Now Mr Cook has joined with a Chicago-based investment firm called Equity International to build a global retirement village business under the Sanctuary Residences brand, with villages planned for Sydney and Melbourne. They are targeting high-value locations for five-star villages.
The Weekly SOURCE
66 recipients of Aged Care Capital Assistance Program grants announced
The Australia Government has announced 66 recipients of its Aged Care Capital Assistance Program with grants worth $300 million. The largest - a grant of more than $50 million - has gone to Southern Cross Care (QLD) to build a new 94-bed residential care home in Broken Hill, NSW.