On the one hand the Village Life group has a rocky year transferring most of its 80+ rental villages over to SunnyCove because of the hard going to make the financial model work, and on the other hand the American group Harvest Developments announces it is going to build 10 villages in the next 2 years based on its US formula that has allowed it to build 300 villages in 30 years. The average entry age in America is 83 and they stay for an average of 3 years.
DIGITAL EDITION
Think big. Think care campuses.
The gnarly problem: the lack of new ageing accommodation infrastructure over 20 years has hit the Baby Boomer demand bubble. Bad outcomes for old people are accelerating. Planning approval hurdles are cited as the root cause. Delay and bureaucratic...