Topic - Developments

Another Sydney sports club looks to retirement living to boost their coffers

Dec 05 2017 Updated May 3, 2023

The Weekly Source

1 min read

The Ryde Eastwood Leagues Club headquarters

Ryde Eastwood Leagues Club has lodged an application to redevelop 10 homes near its West Ryde headquarters as seniors’ housing that would include changes to allowed building heights.

The Club recorded a profit of $22M this year after selling its Eastwood restaurant and three adjoining properties and general manager Chris McCarthy recently told members the property redevelopment would help to create new revenue streams.

It’s one of several retirement village projects being championed by clubs in Sydney. Gladesville RSL has been given approval for a 10-storey seniors’ housing project while construction is currently underway on the Penrith Panthers Leagues Club village.

Janet Anderson out, new Aged Care Quality and Safety Commissioner in

The inaugural Commissioner of the Aged Care Quality and Safety Commission, Janet Anderson PSM, will depart the role next month after six years in favour of a new face.

Click here

Lauren Broomham

13 Dec 2024

Sector Moves & People

Which aged care provider has been awarded a $136M contract to conduct assessments under new Single Assessment System?

The Department of Health and Aged Care has released details of contracts worth nearly $1.5 billion awarded to operators to conduct aged care assessments under the new Single Assessment System. The largest contract, worth more than $226 million, was...

Click here

Caroline Egan

12 Dec 2024

Government Policy

Breaking news: Fed Govt slashes $2.5B off aged care with new payments in arrears for residential aged care from 1 July 2026

With the Federal Budget slipping further into deficit over the next four years, the Mid-Year Economic Fiscal Outlook (MYEFO) 2024-25 has revealed the Albanese Government is looking to save on spending with aged care is in its sights. Presenting the...

Click here

Lauren Broomham

18 Dec 2024

Opinion

2024 aged care report card: pass for residential care, home care a failure

The final report card for the aged care sector looks very different depending on what services you deliver.

Click here

Lauren Broomham

18 Dec 2024

Aveo chosen by NSW Government as partner to turn Manly Hospital site in Sydney into seniors’ housing

First established in 1896, Manly Hospital on Sydney’s Northern Beaches was closed in 2018 following the relocation of services to the 488-bed Northern Beaches Hospital, operated and maintained by Healthscope, at Frenchs Forest, 13km north of...

Click here

Ian Horswill

18 Dec 2024

Development

Mergers & Acquisitions

Levande secures $1.5B sustainability linked loan for “future developments”

The leading retirement operator, which is owned by EQT Infrastructure, says it has successfully extended and upsized its loan facilities, securing an AUS$1.5 billion Sustainability-Linked Loan (SLL). It states the financing aligns with Levande’s...

Click here

Ian Horswill

17 Dec 2024

Development

Stockland Halcyon notches up 24 land lease communities, unveils its latest 212-home LLC on the Sunshine Coast

The prolific property developer has launched its newest land lease community, Halcyon Dales, guaranteeing new residents a nine-month build.

Click here

Lauren Broomham

16 Dec 2024

Development

GemLife launches its second $250M Toowoomba community – complete with $12.5M Country Club and Summer House

After recording more than $172 million in sales for its first land lease community in the southern Queensland city, 90 minutes west of Brisbane, GemLife Director and CEO Adrian Puljich is taking the operator back for a second bite of the cherry.

Click here

Lauren Broomham

16 Dec 2024