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4 hours ago

Funding

GemLife’s owners look at becoming a public company for second time

Adrian Puljich and Singapore’s Thakral Corporation have reached out to JPMorgan and Morgan Stanley to set up introductory meetings with listed equities investors to see if there is sufficient interest in an Initial Public Offering for GemLife...

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Community Living

The speech that drew applause: LEADERS SUMMIT 2025 presentation videos now available on YouTube

Patrick Abolakian, Director HYECORP Property Group, briefed the sold-out LEADERS SUMMIT on his family’s first venture in the ageing sector, Hyegrove Willoughby, an integrated development, 8km north of Sydney’s CBD. Patrick drew applause when he...

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Funding

David Di Pilla sells substantial part of his 8% stake in Ingenia Communities

The HMC Capital Managing Director has sold down its stake as it raised $150 million to its balance sheet as it prepares to buy Brookfield Asset Management’s Healthscope, the second largest operator of private hospitals in Australia. David Di Pill...

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Development

Amara Cremorne by Pathways seniors housing development in heritage zone approved; one of six for sector

Graeme Skerrit lodged the $98.5 million State Significant Development in October 2022 and The Weekly SOURCE was informed by the NSW Independent Planning Commission it had been approved last Friday (4 April). The approval is for 58 independent living...

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Mergers & Acquisitions

Hometown Australia buy Oasis Communities’ land lease communities

The Australian arm of the US over 55s and all-age communities owner/operator Hometown America now owns and operates 60 land lease communities in NSW, Queensland and South Australia. Hometown Australia announced on Monday it had bought Oasis...

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Legal Issues

Retirement living residents living in Cairns Regional Council face 800% rate increases

The council proposes in the 2025/26 financial year, the minimum general rate for one dwelling would be applied to each unit in a retirement village, as opposed to charging the village as one dwelling as has been the case. Oak Tree Retirement Village...

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Community Living

DCM Institute announces first Professional Development Day in Canberra

The event is in response to the overwhelming demand from Village Professionals in the ACT for professional development, learning and support. DCM Institute, the largest development program for village and community managers, will provide expert...

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Development

Campbelltown Catholic Club in Sydney’s southwest has approval for Siquilla Retirement Residences

There will be around 90 apartments and an array of amenities for residents built next door to Macarthur’s premier entertainment, business, leisure and dining destination, 53km southwest of Sydney’s CBD. Siquilla Retirement Residences will be for...

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Legal Issues

Operators and residents urged to have a say on SA’s proposed regulations for new Retirement Villages (Miscellaneous) Amendment Act 2024

Stakeholder feedback will help shape the proposed amendments to the state’s Retirement Villages Regulations 2017. Key changes include: Improved transparency in contracts and disclosure statements for prospective residents; Enhanced codes of...

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Sector Moves/People

John Innes departs club/retirement living JV group Pariter with Tom Roche assuming CEO position

After five years establishing Pariter and creating a pipeline of joint ventures with community and golf clubs, John Innes has handed the CEO role to Tom Roche. John Innes Tom has led numerous large real estate and infrastructure transactions for...

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Legal Issues

ACT workshop: Government requires retirement living operators have elder abuse strategy in place from 27 May

ACT Discrimination, Health Services, Disability and Community Services Commissioner Karen Toohey will be at Goodwin Aged Care Services on Wednesday for the second successive week talking to retirement living operators about the territory’s...

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Mergers & Acquisitions

AVID Property’s American owner buys AVJennings for $369 million

Real estate giant Proprium Capital Partners and its local development arm, which operates the land lease communities brand Vantage, has bought the business founded by Albert Victor Jennings in Melbourne in 1932. AVJennings was vulnerable, as it had...

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