Topic - Developments

90% sold: IRT opens doors on $35M vertical village in Wollongong

Jul 02 2018 Updated May 3, 2023

The Weekly Source

1 min read

The Parkside at IRT Pioneer Place development

Residents have started moving into the eight-storey Parkside at IRT Pioneer Place in central Wollongong with 66 of the 75 two- and three-bedroom apartments already sold and over 100 expressions of interest lodged for the remaining nine.

The community Not For Profit began building the development in mid-2016. Prices start from around $500,000.

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

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Chris Baynes

15 Apr 2025

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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Ian Horswill

15 Apr 2025

Opinion

Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

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Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Levande buys four new sites for retirement villages

Levande adds four new sites to its $2B growth plan, including major developments in Sydney, Melbourne, and Geelong.

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Ian Horswill

22 Apr 2025

Estia Health breaks ground on new 124-bed aged care home in Adelaide

The private operator has held a groundbreaking ceremony to mark the start of construction on its latest residential aged care facility in Findon, 9km northwest of Adelaide. As we have reported, Estia Health lodged the plans for the site, which was...

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Arcare opens latest facility in Melbourne’s east – with five more homes to come online in 2025

The private operator, owned by the Knowles family, continues to be one of the most prolific builders in the residential aged care sector. Pictured (left to right): Kate Garvey, Client Services Manager at Arcare Ringwood, DCM Group Editor Lauren...

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Gold Coast site approved for 130-bed aged care home for sale through receivers

The nearly 9,000sqm site in Parkwood, 5km from the heart of the Gold Coast, is owned by SDA Property’s No 4 Pty Ltd, which has gone into administration.

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Von Slater kicks off Serenitas’ 28th land lease community, the 193-home Thyme Lifestyle Resort Rothwell in Moreton Bay, QLD

Von Slater, Serenitas’ Chief Executive Officer, said the land lease operator is building more than a development; it aims to help residents create a community in the coastal suburb in the City of Moreton Bay, 33km north of Brisbane. “We’re...

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Ian Horswill

22 Apr 2025