1afcb8289deca84ec766de5095cb6227
Log in
Menu
Log in
Search
© 2024 The Weekly SOURCE
Archive

NZ: QPE $100 million buys out AMP to take control of Summerset

1 min read

New Zealand’s Overseas Investment Office (OIO) has approved a deal for Australia's QPE Funds Management to buy out AMP Capital Investors' stake in Summerset in a $100 million retirement village deal. Summerset is New Zealand's third-largest largest retirement village developer and the operator behind NZX-listed businesses Ryman Healthcare and Metlifecare. QPE now has full control of Summerset’s management company.

Top Stories
In the Headlines

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill
16 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 Apr 2024
Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill
08 Apr 2024
You might also like
Government Policy

Kantar Public awarded new $440,000 contract to “inform future aged care policy”

The Federal Government has contracted Kantar Public Australia for the political consultant’s second aged care project, this time to conduct “Aged Care Policy Research” at a cost of $440,000 for the Department of Health and Aged Care.

Caroline Egan
18 Apr 2024
The Weekly SOURCE

“Any delay to pay rise will only add to the aged care sector’s workforce crisis”

The Opposition and unions have hit back at the Government’s attempt to phase in aged care worker pay rises of up to 13.5% by almost two years, a position announced late last Friday afternoon.

Caroline Egan
18 Apr 2024
The Weekly SOURCE

Bolton Clarke brings 98 Fijian aged care workers to QLD, NSW in one of PALM’s largest intakes

Starting this week and over the coming months, 98 aged care workers are set to come from Fiji to work in 17 Bolton Clarke aged care homes in regional Queensland and New South Wales.

Caroline Egan
18 Apr 2024
Government Policy

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

Caroline Egan
18 Apr 2024
Log in