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

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

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

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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Caroline Egan

07 Nov 2024

Government Policy

Older Australians missing out in rural areas, 27% workforce turnover: Department of Health and Aged Care

The Department of Health and Aged Care (DoHAC) is not meeting targets on the provision of aged care services in rural and remote communities, according to its 347-page Annual Report.

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Caroline Egan

07 Nov 2024

Development

VIC Govt’s latest aged care home will cost $1.2 million per bed

The Victorian Government is spending $41.1 million in Cohuna, 274km north of Melbourne, to build a 24-bed aged care home. The $1.7 million per bed price tag is well in excess of the widely held estimation in the sector that a bed costs approximately $400,000 to $500,000 to build, The Weekly SOURCE reported last month.

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Caroline Egan

07 Nov 2024