Zig Inge back into development

Mar 02 2009 Updated July 4, 2023

The Weekly Source

1 min read

In November 2007 the grandfather of the modern retirement village industry, Melbournes Mr. Zig Inge, sold his 17 villages and 8 development sites at the top of the market for $641 million to Macquarie Banks Retirement Villages Group (part owned by FKP/Aveo). Because of the sale he cant build villages for some time (he is also in his late 70s) so now his group has purchased for $15m the famous Baillieu mansion in Toorak for a residential development.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

Click here

Ian Horswill

07 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

Click here

Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

Click here

Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham

03 Jul 2025

DCM Institute named one of the top L&D providers in Australia

The DCM Institute has been recognised as one of Australia’s leading learning and development providers by the Institute of Learning Performance Asia Pacific – a leading industry body of Learning and Development professionals with more than 3,000...

Click here

Ian Horswill

07 Jul 2025

Awards

Aura Holdings’ Somerset Indooroopilly scores top architecture award as $3.2M unit sets record

The newly unveiled Stage Two O’Connell buildings, which are named in honour of June O’Connell, and have 88 apartments, were opened in October last year. COX Architecture, which designed the retirement village expansion, was awarded one of nine...

Click here

Ian Horswill

07 Jul 2025

Awards

BASSCare, Ingenia Lifestyle, Keyton and RetireAustralia take two gongs each at National Retirement Living Awards

RetireAustralia, the leading and innovative retirement village operator, and BASSCare (Boroondara Aged Services Society), which operates an integrated program of services including meals-on-wheels, residential care facilities, respite care and...

Click here

Ian Horswill

24 Jun 2025

Awards

DCM Institute shines at the 2025 National Retirement Living Awards

Two existing members of the nation’s top training programme for Village Managers, and one former participant who asked to come back into the programme after she had won, were awarded top honours at the National Retirement Living Awards last Thursday...

Click here

Ian Horswill

24 Jun 2025