Buying

Reside Communities plans $50M expansion for retirement village in Brisbane

Oct 05 2020 Updated May 3, 2023

The Weekly Source

1 min read

Ex-RetireAustralia executive Glen Browne’s village operation will bring 92 new units to its Brookland Retirement Village, 15km from the Brisbane CBD, as part of a $50 million expansion of the south Brisbane site.

Prices for the units will start at $395,000 with one-, two- and three-bedroom floor plans.

Reside will also develop a resort-style community centre and a dedicated home care service for residents who require extra support.

The site is well-connected to local amenities as well as Sunnybank Private and QEII Jubilee Hospitals.

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

16 Apr 2024

Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham

11 Apr 2024

Developments

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

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill

16 Apr 2024

Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill

08 Apr 2024

Eureka Group’s board again rejects Aspen’s second takeover bid offer

The move has been taken after Sandy Mak, Partner, Corrs Chambers Westgarth, acting on behalf of Aspen Group, lodged a second statement on its bid, stating its unsolicited takeover offer to acquire all Eureka shares for 0.26 Aspen shares for every...

Ian Horswill

17 Apr 2024

Retirement and Community Living

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

Ian Horswill

16 Apr 2024

Retirement and Community Living

The “New” model for a Silver Decade for retirement living operators

Optimism, the title of LEADERS SUMMIT 2024, continues to be the dominant theme in the retirement village sector as we move towards the end of the financial year. In this issue, we report on Mark Bindon’s speech at LEADERS SUMMIT where he revealed...

Chris Baynes

16 Apr 2024

Community Living

Oak Tree Group Co-founder Mark Bindon returns to sector with a high-end boutique retirement village and one caveat

Mark Bindon and fellow Oak Tree Group co-founder Franco De Pasquale spent two years researching the retirement sector before setting up the business in 2004. Oak Tree Group grew to own and operate 31 retirement villages across Queensland, New South...

Ian Horswill

16 Apr 2024