Community Living

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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Mergers & Acquisitions

Exclusive: Chiou See Anderson sells her two retirement villages

The 123-unit Elements @Springwood, in Queensland’s City of Logan, and the 45-unit Elements @Con Noi Carindale, 13km southeast of Brisbane’s GPO, have a new owner. Chiou See has told us the NSW-based Hunter Group has bought her two villages; they...

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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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Aged Care

Not For Profit Scalabrini will invest $750,000 in Aged Care Industry Labour Agreements in FY25 as 90 staff become permanent residents

Scalabrini CEO Richard de Haast and members of the board attended an afternoon tea earlier this month as the Not For Profit celebrated more than 70 of its staff becoming permanent residents of Australia, thanks to the Federal Government’s Aged Care Industry Labour Agreements.

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Caroline Egan

17 Apr 2025

Community Living

SATURDAY is business: The cost of living is biting deep in retirement villages

In the Federal Election issue of SATURDAY, President of the Association of Residents of Queensland Retirement Villages, Judy Maynard, starkly revealed what is happening in villages she visits. “We have the situation in villages people are...

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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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New masterplan being prepared for BaptistCare’s 6.4ha Macquarie Park

The Not For Profit Christian-based care organisation said it has acted after community and stakeholder feedback on the previously submitted NSW Government State Significant Development Assessment design. BaptistCare’s plan remains for a mixture of...

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Funding

Macquarie Bank reduces its substantial stake in Ingenia Communities

The global financial services group has continued to reduce its stake in the owner/operator of land lease and rental communities and holiday parks. Macquarie Bank had a significant voting power of 10.92% in April last year, but the substantial...

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Levande to build 41 new apartments after demolishing oldest part of Cardinal Freeman retirement village in Sydney inner west

The turning the sod ceremony last Monday marked the start of construction of Wattle on the site of the former Building One which is expected to take two years. Levande Cardinal Freeman, which had 240 apartments when built by EPM Projects for $120...

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60% of apartments sold at OnetoAnother’s new retirement village The Trentham Sandringham, VIC with prices up to $3.65M

The Buxton family’s latest retirement village in the bayside suburb of Sandringham, 16km south of Melbourne’s CBD, is expected to welcome its first residents in October this year. The Trentham will evoke a five-star boutique beachside hotel with...

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Community Living

GemLife gains approval for its second biggest land lease community

A 404-home land lease community for over 50s has been approved in Elimbah, a rural town, in Moreton Bay, southeast Queensland. Only GemLife Moreton Bay, with 553 homes on completion is going to have more homes. GemLife Bribie Island also has 404...

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Summerset consolidates its Melbourne position while pushing to build 650-730 homes across NZ and Australia

Strong new home sales is supporting NZ based Summerset’s building a significant Community Centre at its launch Australian village in VIC. Work started on Summerset Cranbourne North, 39km southeast of Melbourne’s CBD in October 2023 and the first...

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