The successful retirement arm of Becton has had to shelve further development plans given the financial strain its parent Becton Property Group is under. They have sold a long held development site in eastern Melbourne for $7.1M to retire debt to Bendigo & Adelaide bank. They also have a Suncorp facility that has to be refinanced by end July valued at $73M. About 50% of Becton Retirement is owned by the Oman governments Oman Investment Fund which invested originally because of the Becton village development pipeline. That no longer seems to exist.
The Weekly SOURCE
Shared Care in villages: Canberra cracks the door open
A major step forward for the Shared Care model. The Department of Health, Disability and Ageing will convene online workshops with Support at Home providers to help design a pooled funding trial, slated for 2026, backed by $5.2 million in funding over three years announced by the Federal Government in December 2024.