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9 hours ago

RSL Care SA buys Hallmont Estate’s two retirement villages in Mount Gambier, SA

The Not For Profit organisation, which operates retirement living, social housing and residential care in South Australia, has bought Woodlands Grove and Hallmont Estate Mount Gambier, in the second most populous city in the state, which lies 450km...

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GemLife reveals eight Aliria planned land lease communities and will move into South Australia

The operator of land lease lifestyle resorts announced to the ASX last Wednesday it had settled the initial acquisition of Managing Director and Group CEO Adrian Puljich’s own business Aliria for $218 million. Adrian also said it is “finalising...

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David Dixon and John Carter’s Aspen Group spends $19M on 19 retirement villages owned by ACH Group

The ASX-listed affordable housing provider has bought 129 villas in the villages it has agreed to buy from the Adelaide-based Not For Profit, which is left with 10 villages. Aspen Group’s plan is to turn what it terms good quality retirement...

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43 social and 43 affordable homes in five-storey development approved in Lane Cove North, Sydney

NSW Department of Planning, Housing and Infrastructure has approved the State Significant Development by NSW Land and Housing Corporation for a five-storey affordable housing development with 86 apartments in a growing renewal precinct, 11km...

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Eureka buys fifth all-age rental community in seven months: Emerald Tourist Park

The Brisbane-based only pure play over 50s rental operator has paid $7.5 million for the mixed-use park in the town, which serves as the major service centre for Queensland’s extensive agricultural, mining and renewable industries in the Central...

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Retirement living preferred partner for Caloundra RSL in Qld’s Sunshine Coast

Clubs are continuing to seek compatible partners to boost income to stay in business long term. Watermark Freshwater was the first at Mounties’ Harbord Diggers in Freshwater in Sydney’s Northern Beaches, and remains the benchmark. Caloundra RSL is...

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Ingenia Lifestyle’s newest land lease community in Blueys Beach, NSW, is selling 2-bedroom homes for up to $1.25M

Blueys Beach, a village in the NSW Mid North Coast, is the setting for the leading land lease community operator’s newest Over 55s resort style community. The Weekly SOURCE reported the launch of Ingenia Lifestyle Kokomo in February, with the first...

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Videri, formerly Group Homes Australia, building 24th home for people living with dementia as two more acquired

Founded in 2012 by Tamar Krebs, the innovative private model of care for people living with dementia, has homes in local communities, with six to 10 bedrooms, offering 24/7 dementia care, including Flexible Respite, long-term, end-of-life and...

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Aveo’s $3.85bn deal completed - Brookfield Asset Management say it’s ‘been no mean feat’

It is the largest direct real estate transaction in Australia’s history. Joe Williams, Senior Vice President - Real Estate Private Equity at Brookfield Asset Management, took to LinkedIn after the finalisation of the sale of its Aveo retirement...

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Legal Issues

Lifestyle Communities CEO Henry Ruiz: VCAT ruling will have “implications for the sector”

On 20 July, the publication gave Lifestyle Communities CEO Henry Ruiz, who only took on the role in March, permission to write a simialr length article rebutting all of the claims in Lloyd’s article, headlined “Lifestyle Communities’ fees show...

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BaptistCare reduces its Macquarie Park Sydney Concept Masterplan yet cost rises from $1.9bn to $2.5 bn

The concept masterplan for the Not For Profit’s renewal of its site in Macquarie Park, 13km northwest of Sydney’s CBD, has been resubmitted and was put out to public exhibition. It was in July 2022 that BaptistCare NSW & ACT revealed its $1.9...

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The next issue of SATURDAY: Exclusive interview with Eureka Managing Director and CEO Simon Owen

Simon Owen, the businessman who led two small village operators to being listed in the ASX and took Ingenia Communities Group from an unloved basket case to a thriving $1.65 billion sector leader, is now in charge of Brisbane-based Eureka Group...

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