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© 2025 The Weekly SOURCE

The Tuesday SOURCE
Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill
08 Sep 2025
Sector Moves & People

Manuel Lang joins GemLife as Chief Corporate Officer

The ASX-listed land lease community operator GemLife has appointed Manuel Lang as its Chief Corporate Officer, effective 1 October 2025. Manuel brings more than 20 years’ experience in the land lease and property sectors. He was General Manager Land Lease Communities at AVID Property Group.

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Ian Horswill
10 Sep 2025
In the Headlines

Macquarie-backed Millbray enters land lease market with $2.9B fund and 5,000-home target

Macquarie Asset Management has officially unveiled Millbray, a new vertically integrated land lease communities group, with plans to deliver at least 5,000 homes along Australia’s eastern seaboard.

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Ian Horswill
09 Sep 2025
Community Living

Keyton exits serviced apartment model with Melbourne closure

Keyton has closed the doors on its only all-serviced apartment retirement village, Goodwin Close in Blackburn South, Melbourne, after years of struggling to attract new residents.

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Ian Horswill
08 Sep 2025
Development

UnitingCare Queensland returns to retirement village development after 12 years

UnitingCare Queensland has unveiled plans for its first new retirement village in over a decade, with Stage One of Bokarina Beach Village on the Sunshine Coast set to deliver 28 freestanding three-bedroom homes under its BlueCare brand.

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Ian Horswill
08 Sep 2025
Retirement and Community Living

Aveo reveals plan for Manly Hospital site redevelopment

Aveo has unveiled its vision for the former Manly Hospital site, with a Health and Wellbeing Precinct featuring retirement living, aged care, and community facilities.

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Ian Horswill
08 Sep 2025
Development

Stockland announces new Halcyon land lease community in Perth’s East Wanneroo

Stockland has confirmed plans for a fourth Halcyon land lease community in Western Australia, as part of its new masterplanned community Grevillea, located 25km north of Perth’s CBD in Mariginiup.

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Ian Horswill
08 Sep 2025
Not for Profit

National peak body Baptist Care Australia swallowed by BaptistCare

The peak body of the Not For Profit faith-based organisation is no more. Baptist Care Australia (BCA) team has joined the newly merged BaptistCare organisation after the national peak body representing Baptist community service organisations...

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Ian Horswill
05 Sep 2025
Development

Reside fast-tracks fifth retirement village after strong villa sales

Reside Communities has recorded strong early demand at its newest project, Maleny Grove, in Queensland’s Sunshine Coast hinterland.

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Ian Horswill
08 Sep 2025
Development

Work begins on $99M Stage Two retirement village at Uniting Edinglassie Emu Plains

Construction has officially commenced on Stage Two of Uniting Edinglassie Emu Plains, a $99 million redevelopment in Sydney’s west, with a sod-turning ceremony attended by Uniting NSW.ACT CEO Tracey Burton.

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Ian Horswill
08 Sep 2025
Out of the Ordinary

SATURDAY knows the future: No RAC, no DMF – the future of retirement living

Scalabrini CEO Richard de Haast is rewriting the rules with Harbourside, a $60 million waterfront project that swaps outdated funding models and RAC beds for customer choice, future-proofed apartments and private care safety nets. Why is this...

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Lauren Broomham
09 Sep 2025
Opinion

200,000 village residents in assisted living and private aged care within 5 years? Yes

Grant Corderoy tells our private aged care breakfasts that the DMF is likely on the way out and up front membership is the only way to be able to deliver the staff and services this new customer will demand. There will 200,000 of these customers swamping village ‘beds’ in the next 60 months.

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Chris Baynes
08 Sep 2025
Legal Issues

Lifestyle Communities takes DMF fight to Court of Appeal

Lifestyle Communities has formally lodged its appeal against a July ruling that found its Deferred Management Fee (DMF) structure breached Victorian residential tenancy laws.

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Ian Horswill
08 Sep 2025
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