Long-time CEO in the retirement living sector, Stuart Nicholson (pictured), has been appointed CEO of Japara Retirement.
The listed aged care operator has five retirement villages in its portfolio across Victoria, Tasmania and South Australia.
Nicolson, as CEO of Becton Retirement, in 2013 rescued its six retirement villages from the receivership of its parent Becton property by forming the Retirement Alliance brand with funding from the Oman Investment Fund (a sovereign investment fund of the Oman Government).
Lendlease purchased the villages in 2015 and Nicolson resurfaced as CEO of Folkestone’s retirement village strategy and vehicle.
Nicolson bought in to the Watermark retirement village business and commenced jointly developing a village on Chatswood Golf Club land.
Earlier this year the full Folkestone funds management and property business was purchased by Charter Hall who are not seeing retirement villages as core.