QLD: Malaysian healthcare provider buys 51% of Jeta Gardens

Sep 23 2010 Updated July 4, 2023

The Weekly Source

1 min read

Malaysian healthcare provider, KPJ has announced its purchase of 51% of Jeta Gardens in Bethania, Queensland for approximately AUD$45 million. Jeta Gardens is an Asian themed retirement village and aged care complex offering 108 beds, 23 units of retirement villas and 32 units of apartments located on 64 acres of land.

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

19 May 2025

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Redevelopments

$194M revamp of Uniting Wesley Gardens to deliver continuum of care on Sydney’s Northern Beaches

The existing residential care home will be demolished by the Not for Profit for retirement and independent living apartments, co-located with on-site support services, including a new aged care home. Simon Furness Uniting has considered the future...

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Ian Horswill

19 May 2025

First sod turned on $60M Rockpool Hamilton Northshore aged care home in Brisbane

The private aged care operator founded by Bill Summers in 2016 has begun construction on the six-storey, 153-bed aged care home, with the first residents expected to move in early next year.

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$1M per bed: Victorian Govt completes Rutherglen aged care home

The Victorian Government has completed the $57.1 million construction of a 50-bed aged care home in Rutherglen, located 300km northeast of Melbourne, population 3,000., which equates to $1 million a bed..

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Over 50% of Ryman Healthcare Australia’s final stage at Nellie Melba sold

Six years after its initial opening, Ryman Healthcare Australia is preparing to unveil the final stage of its Nellie Melba Retirement Village in Wheelers Hill, 25km southeast of Melbourne’s CBD – with over 50% of the new apartments already under...

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Lauren Broomham

26 May 2025