Buying

Lend Lease targets Shanghai for its first retirement living project

Jun 01 2015 Updated May 3, 2023

The Weekly Source

1 min read

Lend Lease is in advanced negotiations with local governments in Shanghai to get land and approval to build a staged 800 unit seniors living project.

They see Shanghai as being a Tier One international city with a population of 24 million people. They have been studying the retirement market in China for three years and expect to establish and build a significant retirement living business.

“There is no dignity”: there will be more headlines like this about home care

With the waitlist for Home Care Packages jumping by 8,000 people in just four months, the tragic case of Cyril Tooze will be the first of many stories to grab the front page of the news organisations. Last week, The Australian dedicated a large...

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Lauren Broomham

30 Oct 2024

Sector Moves/People

Robotics pioneer Lee Martin, CEO of Lutheran Homes Barossa, SA, forced to step down

Lee had been CEO of the Not For Profit operator of three residential aged car homes and two retirement villages in South Australia’s Barossa Valley for more than a decade, was appointed in October 2014. He said he was “devastated” by the decision of...

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Caroline Egan

30 Oct 2024

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

07 Nov 2024

Opinion

Is David Di Pilla making a land lease wrap up move on Lifestyle Communities and Ingenia?

Last Thursday David Di Pilla’s HMC Capital notified the ASX it had acquired 2.69% of Lifestyle Communities. It looks like they may also have access to another 4.6%, a total of 7.3%, whilst also owning around 8% of Ingenia. What is his strategy? Di...

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Chris Baynes

05 Nov 2024

HammondCare returns to profitability as revenue from residential aged care surges 35%

The Not For Profit health and aged care provider, which specialises in dementia care, achieved a net surplus of $14.6 million in 2023-24, compared with an underlying net loss of $22.4 million the previous year HammondCare’s revenue increased 23% to...

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Department of Health and Aged Care’s Star Ratings “not sufficiently meaningful”: Commonwealth Ombudsman

A review of the Aged Care Star Ratings system by Commonwealth Ombudsman Iain Anderson, has identified concerns about the accuracy and accessibility of the ratings, and recommended the Department of Health and Aged Care take note of his findings.

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Confidential settlement on Anglicare Sydney’s Newmarch House COVID-19 class action

The lead plaintiff was Mark Fahey, whose mother was the 14th Newmarch House resident to die from COVID-19

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Community oppose planned closure of Mercy Services’ Singleton home in NSW Hunter region

Mercy Services said the decision to close was due to “financial difficulties due to the home’s small scale, the changes in regulations that have made it increasingly difficult for small charity-based operators to remain viable, and the...

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Caroline Egan

07 Nov 2024