Mergers & Acquisitions

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

Jul 21 2025 Updated 1 hour ago

Ian Horswill

1 min read

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 Holdings, which was Australia's only pure-play Over 50s rental village operator.

Ten months on from when Simon took charge, he tells SATURDAY his plans for Eureka. The coming issue will be in your inbox on Friday, 1 August at 12pm. If not a subscriber, click here.

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

15 Jul 2025

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 Jul 2025

Legal Issues

Ingenia Communities and ABC’s Adele Ferguson on VCAT’s voiding of Lifestyle Communities’ DMFs

Ingenia Communities Group provides the following update in relation to the Group’s exposure to Deferred Management Fee (DMF) contracts across its portfolio. Ingenia has limited exposure to contracts which include a Deferred Management...

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Ian Horswill

14 Jul 2025

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

08 Jul 2025

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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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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Ian Horswill

1 hour ago

Development

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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Ian Horswill

16 hours ago

Development

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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Ian Horswill

16 hours ago