Topic - Acquisitions

Seachange Lifestyle Resorts commits $70M in Toowoomba

Apr 18 2017 Updated May 3, 2023

The Weekly Source

1 min read

Pradella Property Ventures will build 162 land lease community homes in the centre of Toowoomba (at Harristown) under their Seachange Lifestyle Resort brand, their third LLC community, adding to Arundel and Emerald Lakes on the Gold Coast.

Their planning application is for a density of 21 dwellings per hectare over the 7.8ha development area.

MD David Pradella made his name as the first entrepreneur to build serviced apartments in Australia.

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

19 May 2025

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Redevelopments

$194M revamp of Uniting Wesley Gardens to deliver continuum of care on Sydney’s Northern Beaches

The existing residential care home will be demolished by the Not for Profit for retirement and independent living apartments, co-located with on-site support services, including a new aged care home. Simon Furness Uniting has considered the future...

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Ian Horswill

19 May 2025

Dr Rodney Jilek’s Community Home Australia to open 20-studio dementia home in Sydney

The dementia care and disability support provider has announced plans to develop ‘Kora House’, a four-storey, 20-studio supported living facility across the road from Westmead Hospital, 26km west of Sydney’s CBD, for both NDIS participants and older Australians living with dementia self funding their care.

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Only in SATURDAY: Andrew Thorburn’s mission for HammondCare

Few operators want to tackle the complex end of aged care - but the HammondCare CEO has a plan to meet the growing demand for dementia and palliative care services.

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51% of Dementia Support Australia aged care referrals’ involve psychotropic polypharmacy

Despite evidence that psychotropic medication is not effective and can have adverse side effects, a HammondCare study has found that more than half of its 421 referrals between 2016 and 2020 for psychosocial interventions had been prescribed psychotropic polypharmacy.

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Caroline Egan

27 Feb 2025

Living with Dementia

Govt throws $57M at helping people with dementia out of hospitals into aged care

The Federal Government has allocated $57 million over four years for the Hospital to Aged Care Dementia Support Program (HACDSP), aimed at improving outcomes for hospital patients with dementia who may have their discharge delayed.

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Caroline Egan

27 Feb 2025