Aspen Group: little change in profits

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Aspen Group has announced a FY10 profit after tax of $33.6 million, only slightly up from last year. Aspen was one of the few achievers last financial year, posting a profit of $33.2 million in FY09. Aspen Living currently manage five residential land estates in Australia and plan to create over 6000 home sites and build land assets to over a $1 billion.

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

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Chris Baynes

15 Apr 2025

Mergers & Acquisitions

Scape reportedly in exclusive talks to buy retirement village operator Aveo

The student accommodation provider, working with Macquarie Capital and Deutsche Bank on due diligence, is likely to call on the two banks and Scape’s capital partners to buy the $3 billion plus business owned by Brookfield. Brookfield put Aveo up...

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Ian Horswill

15 Apr 2025

Opinion

Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

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Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Levande buys four new sites for retirement villages

Levande adds four new sites to its $2B growth plan, including major developments in Sydney, Melbourne, and Geelong.

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Ian Horswill

22 Apr 2025

Arcare opens latest facility in Melbourne’s east – with five more homes to come online in 2025

The private operator, owned by the Knowles family, continues to be one of the most prolific builders in the residential aged care sector. Pictured (left to right): Kate Garvey, Client Services Manager at Arcare Ringwood, DCM Group Editor Lauren...

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Gold Coast site approved for 130-bed aged care home for sale through receivers

The nearly 9,000sqm site in Parkwood, 5km from the heart of the Gold Coast, is owned by SDA Property’s No 4 Pty Ltd, which has gone into administration.

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Bethanie gains approval for its first land lease community in Perth

The 10.6ha vacant site in the northern suburb of Perth will become the Not For Profit’s first venture in the burgeoning sector. Bethanie Bullsbrook Lifestyle Village will be the 31st site under Bethanie’s portfolio in Western Australia and one of...

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Ian Horswill

15 Apr 2025

Topic - Developments

Mergers & Acquisitions

In just six years Vivacity Property and capital partner RF Corval have now built a portfolio of six land lease community projects

The owner/operator has conditionally acquired with their capital partner “three contiguous sites located in regional New South Wales for the proposed development of a new land lease community”. This is in addition to Tallowood Meadowie in...

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Ian Horswill

15 Apr 2025