Chris Baynes

Southern Cross Care TAS achieves 100%+ sales prior to opening new village

Dec 09 2014 Updated May 3, 2023

The Weekly Source

1 min read

SCC (TAS) has completed the construction and sale of all 84 homes in its fairway rise lifestyle village located in the centre Hobart on the 9 ha old Rosny Park golf course. Each home and the rapidly staged development had sold before construction completion with a sales funnel of 456 prospective purchasers still waiting in the wings.
A 91 bed/$50M K located aged care facility is also nearing completion.

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...

Click here

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...

Click here

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.

Click here

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.

Click here

Ian Horswill

22 Apr 2025

SATURDAY means business: Why Whiddon is done waiting for the system to change

Frustrated with red tape, workforce shortages and broken regional services, Whiddon CEO Chris Mamarelis (pictured) is taking matters into his own hands with a bold new initiative to reform health and aged care – from the ground up. What’s the...

Click here

Lauren Broomham

24 Apr 2025

Topic - Aged Care

Mergers & Acquisitions

Most aged care operators expected to see M&A activity within three years: LEADERS SUMMIT presentations now available

Investor interest in Australia’s aged care and retirement living sectors is gaining momentum, with most providers likely to experience merger or acquisition activity within the next three years. Hugo Dudley-Smith, Managing Director of M&...

Click here

Appeal set for ex-NSW police officer who avoided jail over aged care Taser death

A court date has been set for the appeal of the sentence handed to former NSW Police officer Kristian White (pictured above right), who was convicted of the manslaughter of 95-year-old Clare Nowland (pictured above left) last month. The NSW Court of...

Click here

Aged care isn’t fixed – so why are we not talking about it?

If you tuned into yesterday’s National Press Club debate between Federal Minister for Health and Aged Care, Mark Butler, and Shadow Minister, Anne Ruston, hoping for a meaningful discussion on aged care – you would have been sorely disappointed.

Click here

Lauren Broomham

24 Apr 2025