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Ian
Horswill

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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Ian Horswill

17 minutes ago

Development

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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Ian Horswill

17 minutes ago

Development

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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Ian Horswill

17 minutes ago

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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Ian Horswill

32 minutes ago

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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Ian Horswill

32 minutes ago

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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Ian Horswill

47 minutes ago

Development

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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Ian Horswill

1 hour ago

Sector Moves & People

Land Lease Living Association NSW’s Bob Browne to become consultant

After an extraordinary 27 years of dedicated service as General Counsel at Land Lease Living & Caravan and Camping Industry Association of NSW, Manufactured Housing Industry Association of NSW and Caravan & Camping Industry Association of...

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Ian Horswill

1 hour ago

Development

Adrian Puljich’s Aliria brand has approval for two more land lease sites with 416 homes

Construction will start on the first of two new over-50s communities in Toowoomba, southern Queensland’s Darling downs region, in the second half of 2025, after they received development approval from Toowoomba Regional Council last week. Both are...

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Ian Horswill

1 hour ago

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Rebuilds

HammondCare’s $63M final restoration of its aged care heartland begins

HammondCare’s final transformation of its flagship Hammondville site, 31km southwest of Sydney’s CBD, with two new multi-storey aged care homes began on Wednesday with the demolition of the original 93-year-old Bond House nursing home.

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Ian Horswill

22 May 2025

Opinion

Why building new retirement living developments is not for the faint hearted

Today’s issue is packed full of development stories and talking to For Profit and Not For Profit executives it is getting harder and harder to make projects viable. Anyone building a retirement living facility today needs 40% to 45% more to make...

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Ian Horswill

19 May 2025

Community Living

Retirement Living Council: Cairns Regional Council condradicting itself over village rate rise

The peak body’s Executive Director Daniel Gannon has launched a second stinging attack on the council in Far North Queensland, which is proposing to charge rates on each individual unit in the 10 retirement and land lease communities within its...

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Ian Horswill

19 May 2025