Oak Tree retirement villages receives $20 million investment from private equity firm for expansion

Jul 15 2013 Updated July 4, 2023

The Weekly Source

1 min read

Brisbane-based private equity group Blue Sky Alternative Investments Ltd has purchased 40% of Oak Tree Group from the founding directors Mark Bindon, Franco De Pasquale and Marco De Pasquale. Since 2004 Oak Tree has built six villages mainly in QLD, and is developing nine additional villages across NSW, QLD, VIC and TAS. Their goal is 2,000 new ILUs within five years. Oak Tree specialises in affordable villages in regional areas.

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

ARQRV receives $139,000 to inform prospective clients of retirement villages

Judy Mayfield, President of the Association of Residents of Queensland Retirement Villages (ARQRV), said her organisation has been funded by the Queensland Government to provide advice to prospective clients. “We have a grant for $139,000 to tell...

Ian Horswill

09 Apr 2024

Sector Expert Partners

Lisa Scenna becomes fourth woman on Ingenia’s seven director Board

The operator of over 55s land lease, rental and holiday park communities on Monday, 11 March announced the appointment of Lisa Scenna as an independent Non-Executive Director, effective 1 May 2024. “Lisa brings to the Group extensive experience in...

Ian Horswill

11 Mar 2024

Sector Expert Partners

Former KPMG partner Grant Robinson to become Chair of WA aged care provider Juniper

WA Not For Profit aged care provider Juniper Care has announced independent Chair Maree Anason will retire at the end of February 2024, and current independent board member and former KPMG partner Grant Robinson (pictured) will step into the role...

Caroline Egan

29 Feb 2024

Sector Expert Partners

Only 44 RNs joined aged care workforce in the last quarter: Shadow Minister for Aged Care Anne Ruston

Australia only added 44 RNs to the aged care workforce in the last quarter, meaning the sector will be short an estimated almost 6,000 RNs by October 2024, when mandated care minutes increase to 44 minutes for RNs.

Caroline Egan

22 Feb 2024