Topic - acquisitions
Royal Freemasons (VIC) pay $21.8M for two Monash Council care facilities
Feb 04 2014
1 min read
The Weekly Source

Ending seven months of heavy local protest against the sale, Monash Council agreed to sell Monash Gardens and Elizabeth Gardens to Royal Freemasons for $21.8M in cash. A petition of 10,000 names plus social media campaigns and the in 1867, operates five high care facilities in Melbourne plus 10 retirement villages. They will recruit from the 180 existing council care staff.

Latest stories

Topic - Acquisitions

Brookfield offloads Aveo, targets US$10B American seniors housing giant

Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC.

Ian Horswill
15 Sep 2025
Mergers & Acquisitions

Lifestyle Communities sells Ocean Grove land to pay down debt

ASX-listed land lease operator Lifestyle Communities has finalised the first of four land sales as part of a $114 million divestment program to cut debt.

Ian Horswill
15 Sep 2025
Mergers & Acquisitions

Land lease operator Lincoln Place gears up for ASX listing or $1B sale

In just six years, Nick Collishaw and Ben Hindmarsh have built Lincoln Place into one of the fastest-growing land lease operators, with 24 lifestyle communities across NSW, Victoria, Queensland and the ACT, housing 2,000 residents and a pipeline of around 4,500 dwellings.

Ian Horswill
15 Sep 2025
Mergers & Acquisitions

Estia Health expands in Queensland with Vacenti Aged Care buy

Bain Capital-owned Estia Health has struck a deal to acquire Brisbane-based Vacenti Aged Care, adding six established homes and a new development nearing completion in Cleveland to its portfolio.

Ian Horswill
10 Sep 2025