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4 hours ago

Opinion

Scape - the disruptor that will turn the retirement living sector on its head

“As we think about senior housing, that sector in itself is too fragmented and it needs a bit of leadership from someone to kind of disrupt,” Stephen Gaitanos, co-founder, Managing Director and Group CEO of Scape Australia told Mingtiandi’s...

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27 May 2025

News & Issues

Villages evacuated, isolated, without power as floods hit NSW Mid North Coast

70 seniors from a flooded over 55s retirement village on the NSW Mid North Coast had to be evacuated by the SES, Volunteer Rescue Association (VRA) and local fire fighters at Taree with their units inundated with water.

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27 May 2025

Government Policy

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Awards

Corporate Leadership finalists vying for Future Leader of the Year at National Retirement Living Summit

The Future Leader of the Year award at the Retirement Living Council’s annual National Retirement Living Summit, which take places in Brisbane from 18-20 June, is highly coveted. It recognises outstanding young professionals (35 years or under) in...

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Sector Moves & People

Land lease operator GemLife eyes $700M+ raise at $2B valuation

GemLife’s bankers, JPMorgan, Morgan Stanley and Highbury Partnership, took about two dozen fund managers through four sites in Queensland on Monday and Tuesday last week, ahead of a non-deal roadshow planned for Asia this week as the business...

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SATURDAY means business: Warning for retirement village operators with small regional aged care homes

Stephen Rooke (pictured top), Principal Consultant with advisory firm G5 Strategic, puts it bluntly about building a new residential aged care home in the 99th issue of SATURDAY magazine, released to subscribers last Friday.

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Vivacity’s bid to build $28M 254-home land lease community in Maitland, NSW, deferred

Maitland City Council officers had recommended the Sydney-based land lease community developer and operator’s proposal for a manufactured home estate in Farley, which is being redeveloped into a residential suburb of Maitland, be refused. The...

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NSW Court approves ex-One Nation director’s plan to convert family home into retirement village

A family home bought by David Oldfield for $1.89 million in 2011 can be turned into a $17.5 million 35-home retirement village in Belrose, 19km northeast of Sydney’s CBD, after his appeal to the Land and Environment Court was successful. In February...

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Mergers & Acquisitions

Lendlease may have nibble for its 25% stake in village operator Keyton

The builder and developer, which has been under shareholder pressure to sell its remaining 25.1% stake in the retirement village operator for at least three years, is reported to have received a handful of approaches to buy it, according to The Australian.

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Mergers & Acquisitions

Parties interested in buying Keyton’s Western Australian retirement villages in due diligence

The leading retirement village operator’s decision to sell its entire portfolio of 10 retirement villages in Western Australia was made in September last year. “They are still on the market with interested parties doing due diligence. That’s all we can say at this point,“ said Keyton spokesperson.

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Mergers & Acquisitions

Legal & General acquires 75% stake in owner of land lease operator Vantage

Vantage is AVID Property Group’s land lease community brand, which has marked its first year in the burgeoning sector. AVID spent $284.5 million to buy eight Living Gems communities to announce the brand in March last year, adding it had earmarked...

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295-home Living Gems Harris Crossing land lease community approved by Townsville City Council

The $210 million lifestyle resort, by the Puljich family’s Living Gems brand, will be built on a 13.6ha of land, within Maidment Group’s Harris Crossing community in Bohle Plains, in the city’s fast-growing west. Early works have already started...

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