Few people in Australia realize that BUPA is a major operator of retirement villages in New Zealand, currently with 22 villages. It has just announced its plans to build another village in Upper Riccarton, a suburb of Christchurch. Valued at $45 million and located on 2.8 ha it will have ILUs for 60 to 80 people plus and aged care facility for 100 people. In earthquake prone Christchurch, it will be three stories high. The question is when will BUPA commence village development in Australia?
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Land lease operator GemLife launches on the ASX in the year’s biggest IPO
In just nine years, 37-year-old Adrian Puljich marked a huge milestone – celebrating with his family, residents, staff, the new board, legal teams and The Weekly SOURCE as he launched his business on the Australian Stock Exchange. “What...