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SCV appoints an interim CEO & renews village management contracts
Aug 20 2009
1 min read
The Weekly Source

Outsider, Pamela Pointon, has been named the interim CEO of SCV for an initial period of three months. The company has also announced that its management contract for 10 communities owned by Young Village Estates has been renewed to June 2014. Their new business model of variable rental rates depending on the services delivered is reportedly being well received, with the example of their Inala village in western Brisbane moving from a 16% occupancy to 65% in just six weeks.

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The Weekly SOURCE

SATURDAY is your water cooler talking point: Odyssey’s new direction

When Odyssey Lifestyle Care Communities began planning its $150 million Chevron Island project, it leaned on trusted tier-one contractors. For its future pipeline, the operator is taking a new path. CEO Aaron Lavell talks exclusively to SATURDAY...

Ian Horswill
2 hours ago
Topic - Acquisitions

Brookfield offloads Aveo, targets US$10B American seniors housing giant

Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC.

Ian Horswill
2 hours ago
The Weekly SOURCE

Stockland’s Halcyon brand emerges as runaway land lease leader

When Tarun Gupta took over as Stockland CEO in July 2021, he staked his name on land lease communities with a bold $620 million acquisition of Queensland’s Halcyon Group. The move trumped rival offers from Ingenia Communities and Serenitas – and cemented Stockland’s ambition to dominate “the fastest growing lifestyle segment – the Over 50s market.”

Ian Horswill
2 hours ago
The Weekly SOURCE

Senate Inquiry into aged care service delivery deadline extended to October

The Senate Inquiry into Aged Care Service Delivery has been granted a two-week extension, with its final report now due on 1 October 2025 – just a month before the new Aged Care Act and Support at Home program begin.

Caroline Egan
2 hours ago