Topic - Developments

52% of ECH’s upcoming vertical village Encore Apartments in Adelaide sold

Aug 02 2021 Updated May 3, 2023

The Weekly Source

1 min read

With prices for a two-bedroom unit in ECH’s Vertical Village Encore Apartments in Modbury, 16km northeast of Adelaide’s CBD, starting at $215,000, 52% have been sold while still in development.

“The response to date has been overwhelmingly positive,” said Luke Say, ECH’s Manager Community and Operational Development.

He said the vertical village concept was popular with seniors. Encore Apartments is ECH’s third vertical village after Manson Towers in Glenelg and Bowden Towers in Adelaide’s CBD.

Encore Apartments features 77 2-bedroom apartments, each with a private balcony. All apartments have one secure underground parking spot.

ECH’s Encore Apartments are scheduled for completion in early October.

BaptistCare, Baptcare and Baptist Care SA set to become Australia’s third-largest, integrated care and services provider

Almost 18 months after BaptistCare NSW/ACT and Baptistcare WA merged, the Boards and executives of BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA today announced they will merge to form a billion-dollar aged care and...

Click here

Lauren Broomham

14 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.

Click here

Caroline Egan

07 Nov 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...

Click here

Chris Baynes

05 Nov 2024

Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

The Deferred Management Fee (DMF) has been replaced at the For Purpose Not For Profit’s Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD. Jodie Pennings, Head of Sales, Retirement Living, at Anglicare, contacted us...

Click here

Ian Horswill

04 Nov 2024

Myth busters: innovative education partnership seeks to increase nursing student interest in aged care

A collaboration on aged care nurse education between NSW regional aged care provider Clarence Village and Southern Cross University (SCU) is aiming to dispel common misconceptions about aged care as a nursing speciality – with positive results...

Click here

Aged care operators heading for “challenging time” as deadline for reforms approaches: Epicor

With the aged care sector anxiously waiting to see if the new Aged Care Bill 2024 passes Parliament this month, enterprise software provider Epicor is warning that operators need to be preparing now given the limited timeframe to transition to the...

Click here

Why grow or go will be the mantra for aged care operators in 2025

If your organisation is looking to exit the sector, there has never been a better time to sell – why? With the new Aged Care Act tantalisingly close to being passed by Parliament and many operators reporting positive financial results for the...

Click here

Regis Aged Care revises plans for 99-bed, $33M Belrose home on Sydney’s Northern Beaches

Australia’s only publicly listed aged care provider has lodged plans with Northern Beaches Council to alter previously approved plans for Melrose Manor aged care facility, in Belrose, 19km north east of the Sydney CBD, including refining the design...

Click here

Caroline Egan

14 Nov 2024