The Queensland arm of the UnitingCare, Blue Care, has achieved development approval for a four-storey, 147 ILU retirement village at Labrador. This project is one of up to 13 major village developments that Blue Care has on the books after its decision to aggressively re-enter the retirement village development market two years ago. Their development book is valued at close to $500 million.
“Not investable”: StewartBrown warns on aged care bed shortfall
StewartBrown’s March quarter 2024-25 Aged Care Financial Performance Survey has highlighted the looming shortage of aged care beds over the next 10 to 15 years, reinforcing the urgent need for sustained capital investment to meet growing demand...