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© 2024 The Weekly SOURCE
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Stockland builds its acquisition war chest of cash

1 min read

In a few short weeks Stockland has successfully raised up to $1.98 billion through new stock issues. This gives them the funds to carry through with the acquisition of the Aveo village business from FKP, which has been on the cards since August last year. They have not formally signal their intentions but retain their seat on the FKP board.

Top Stories
Community Living

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
22 Apr 2024
Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham
24 Apr 2024
Development

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
Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes
22 Apr 2024
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Topic - Developments

Why three-year fight to build 233 independent living units in NSW Mid North Coast is doomed

Congarinni North Pty Ltd’s appeal to the NSW Land & Environment Court to build 233 independent living units with recreational facilities, residential and visitor car parking on a 57.3ha site at Congarinni North, 1km northwest of Macksville, in...

Ian Horswill
22 Apr 2024
Legal Issues

ARQRV receives $139,000 to inform prospective clients of retirement villages

Judy Mayfield, President of the Association of Residents of Queensland Retirement Villages (ARQRV), said her organisation has been funded by the Queensland Government to provide advice to prospective clients. “We have a grant for $139,000 to tell...

Ian Horswill
09 Apr 2024
Legal Issues

St Basil’s Home for the Aged in Fawkner, Melbourne, to face criminal trial

St Basil’s was committed to stand trial on all charges and the matter is now listed for a Directions Hearing in the Melbourne County Court on 16 April 2024

Caroline Egan
28 Mar 2024
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