There are three Moran family members in the village and care sectors and each is forging their own futures, each with ‘Moran’ in their business name – famous for the empire father Doug Moran created in the 1950s aged care sector. They are Shane, Peter and Mark.
Shane, with his Provectus Aged Care and five ‘luxury’ aged care homes, sees the boutique high end of the retirement village market as the sweet spot. On top of his two village developments in The Rocks (with nine apartments) and Wahroonga, he has partnered with property fund giant Soul Pattinson to develop a boutique village in Cronulla (Sydney) under the ‘Sage by Moran’ brand.
He told the Financial Review last week:
“I’m very excited by this next generation independent living project and see Sage by Moran setting a new benchmark for retirement living in Australia.”
“I believe that there is now a far greater appreciation of what independent living offers, which has been further elevated during the COVID crisis and by the media attention into the sector following the long-running Royal Commission into Aged Care Quality and Safety”.
“The feedback I’m constantly hearing is that elderly Australians want a safe haven from the dangers of living on their own or living in many traditional nursing homes. This is especially the case in these uncertain and challenging times.”
The 37 apartment Cronulla village will be opposite Cronulla Beach and offer ‘hotel-like services’ including 24/7 concierge services with personal care options. The objective is to allow residents to stay in their own homes independently for as long as possible.