Pinevale Villas (Goonellabah, near Lismore NSW) in Administration

Oct 29 2011 Updated July 4, 2023

The Weekly Source

1 min read

The owner of Pinevale Villas has been placed in receivership, resulting in the financially secure Pinevale Villas village appointing the Administrator Grant Thornton. The village was established in 2007.

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Aged Care

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

24 Apr 2024

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

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Ian Horswill

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Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Aged care front page of The Australian again

The story on the front page of this morning’s The Australian is bad and good news for the aged care sector. The bad news is that it is confirmation that operators are struggling to be viable, not only financially but operationally. The good news...

Ian Horswill

13 Jul 2023

Editorials

ONLY IN SATURDAY: Chris Baynes’ explosive column

“Consolidation (of the aged care sector) is inevitable and the last one standing will be big,” DCM Group CEO Chris Baynes writes in the latest SATURDAY digital magazine, as Bolton Clarke becomes the Not for Profit’s largest RAC provider. The...

Section Editor

22 Feb 2023