Aevum has 1,427 ILU residents and 228 Serviced Apartment residents. Their average ILU occupancy is 7.9 years and average SA occupancy is 3.8 years. Across 54 new ILUs developed and sold over the past 12 months, Aevum claims a development profit of 17%.
HammondCare to build $300M centre of excellence for complex older person care at Sydney’s Greenwich Hospital
HammondCare will redevelop its Greenwich Hospital site into an integrated health campus combining sub-acute hospital services, dementia-specific residential care, older persons’ mental health, research, and seniors living – a $300-$350 million investment the Not For Profit says is the largest in its history.