The investor market has suddenly become very hot – the Singaporeans are heading this way. Is the next five year cycle for retirement

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We had several conversations last week with people who have been approached by big wholesale investment funds, private equity and private investment groups in the past seven days – all seeking briefings on the retirement and aged care sectors, plus enquiring about individual opportunities.
Most were local but some were international. The group that appears to be doing the most tyre kicking of potential investments has been the Oxley Group, a private equity firm out of Singapore but led by Australian Michael Dwyer. (It’s Oxley Capital is 80% owned by National Australia Bank). Discussion goes that they have been looking at all retirement and care assets across the country.
One of the most experienced executives in the sector has declared that the next five year growth cycle has commenced.
Why the sudden interest? One can’t underestimate the value that the New Zealanders have delivered us by both with their success as investments listed on their stock exchange and the ongoing road shows that retirement operators Ryman Healthcare and Summerset have been doing with fund managers and brokers here in Australia for the last 12 months.
Similar work is being done by Ingenia and now Geoff Grady of Aveo.
The biggest winner out of all of this must be RetireAustralia; its founders Tim Russell and Glen Brown have persevered through the bad times and now they control the largest private village operator and very lean, experienced management plus excellent assets – 25 mostly big villages.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.