Topic - Aged Care

Jewish Care Victoria offloads huge Melbourne aged care site to fund three ‘best practice’ senior living developments – valued at 200M+

Aug 14 2018 Updated May 3, 2023

The Weekly Source

1 min read

The site of the former Jewish Care aged care facility in Caulfield North

The 3683 sqm site in Caulfield North, 11km southeast of the CBD, formerly the Mark and Dina Munzer Community Residence (Munzer) in Caulfield North, is expected to sell for between $10 and $11 million, with the funds to go towards the Not For Profit’s development pipeline which includes:

the $85 million St Kilda Road Stage One, The Hannah & Daryl Cohen Family Building, currently under construction;
a 120-bed Senior Living Community in Carnegie; and
The Anne and Eric Smorgon Active Living Centre, to be built as an extension to Gary Smorgon House in Caulfield.

Exclusive: ACCPA CEO reveals new name for peak body at National Conference

Addressing the audience in Adelaide this morning, CEO Tom Symondson has announced that the Aged and Community Care Providers Association (ACCPA) wants to take on a new name – Ageing Australia. In an exclusive interview prior to the National...

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Lauren Broomham

24 Oct 2024

Mergers & Acquisitions

In just six weeks as Eureka CEO Simon Owen wants to raise $70M to buy seven retirement communities

The man, who transformed two small village operators into the then $1.65 billion ASX-listed Ingenia Communities, is setting a cracking pace in his new role in charge of Australia’s only pure-play seniors rental business. “I’m excited to announce...

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Ian Horswill

25 Oct 2024

Opinion

No Minister: aged care reforms won’t solve the capital crisis facing the sector

The shortfall in new aged care beds that need to be developed over the next five years was a dominant theme at the Aged and Community Care Providers Association (ACCPA)’s National Conference yesterday and there are no easy fixes despite the...

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Lauren Broomham

24 Oct 2024

Government Policy

“A grand bargain”: the sector must raise the bar on aged care quality, Anika Wells tells ACCPA National Conference

The Minister for Aged Care has issued a reminder to aged care providers that the funding delivered under the Royal Commission into Aged Care’s reforms does come with strings attached. Speaking on the topic ‘The Government’s Commitment to...

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Lauren Broomham

24 Oct 2024

Aura Holdings finish The Pavilion North Kirra retirement village, Gold Coast, with all apartments above $1M

The completion of Stage Two at The Pavilion North Kirra means Aura Holdings has delivered a total of 201 new retirement living apartments to the market in 2024, showcasing a year of growth and success, with “multiple new projects on the...

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Forestville RSL Club in Northern Sydney latest attracted to seniors living to save its future

The club, established in 1959, is seeking a two-stage $77 million redevelopment of the entire 9014msq site for a new venue and 39 two- and three-bedroom independent living units (ILUs) in a low-density apartment complex. Forestville RSL Club CEO Ian...

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On-site display suite opens at Keyton’s Sunrise Beach Village retirement facility

Co-located adjacent to BlueCare’s Sunrise Beach Residential Aged Care facility in the coastal suburb in Noosa, Sunshine Coast, the retirement village will offer 122 independent living homes. Keyton Chief Executive Officer Nathan Cockerill said...

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IRT to redevelop its original seniors’ living complex in Wollongong built over 50 years ago

CEO Patrick Reid said IRT’s proposed $11.5 million upgrade of its first high rise for retirees will see the complete refurbishment of all 104 units, as well as additional open communal spaces. Residents will remain living there during the...

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Ian Horswill

04 Nov 2024