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Mergers & Acquisitions

VMCH purchases Andrew Philip’s final RCA retirement village

The Victorian Not For Profit finalised the acquisition of Point Cook Village in Melbourne’s western suburbs on Wednesday, 5 February. Point Cook Village was owned by RCA Villages, which has now sold all of its nine retirement villages with Bolton...

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Mergers & Acquisitions

Unthinkable: Why a local Council is taking over an aged care home

Presbyterian Aged Care NSW & ACT (PAC) began selling off its aged care assets in 2021. In 2023, the Not For Profit announced it wanted to leave its Apsley Riverview Aged Care Facility in Walcha, a town at the southeastern edge of NSW’s Northern Tablelands, 425km from Sydney.

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Sector Moves & People

Former Star executive Geoff Hogg joins Home Instead Australia as CEO

The experienced executive came on board with Australia’s largest franchise home care provider in December last year following the departure of previous CEO Kris Whitehead in September 2024. With over 30 years’ experience in the tourism and...

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Opinion

Village operators on alert

The excerpt above from an article that caught my eye on Saturday is telling. There is still a large amount of work required to explain the value proposition, contracts and costs of moving into a retirement village. The writer, retired Professor Ross...

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News & Headlines

GemLife CEO Adrian Puljich provides inspirational leadership in retirement living

At 37 years of age, Adrian Puljich has built a remarkable land lease empire and an equally remarkable team to implement his visions. Check out his latest quarterly video HERE which has had 1,100 views in just 3 days. The volume of new projects...

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News & Headlines

Ingenia now building land lease homes to Green Star designed standards

All 262 homes in the master-planned community Ingenia Lifestyle Springside in Beveridge, 37km north of Melbourne, will meet the Green Star designed assessment from the Green Building Council of Australia. “Our Beveridge community offers retirees...

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Mergers & Acquisitions

In June 2023 Lendlease said it wanted to sell remaining stake in Keyton, but still waiting

On Friday, the former leader of the retirement sector announced it had made two sales. Lendlease announced the sale of Sydney-based infrastructure investor Capella Capital to Sojitz Corporation, a diversified Japanese trading company, for $235...

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Legal Issues

Victorian retirement living operators need to consider financial and operating models under new laws: Rosemary Southgate, Russell Kennedy

Rosemary Southgate, Principal, Property and Development, Russell Kennedy, said the full extent of Victoria’s Retirement Villages Amendment Bill 2024, expected to be passed in early 2025, is still unknown. “Changes to the pre contract disclosure...

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Development

Second attempt: Helping Hand resurrect redevelopment of retirement village five years after rejection

The Not For Profit provider had a $4 million plan to redevelop its retirement village in North Adelaide rejected by Adelaide City Council’s planning panel in February 2020. It had sought to demolish two buildings and build nine, two-storey...

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Development

Lewis Land enters the land lease market, lodging DA for $20M 133-home manufactured housing estate on NSW Mid-North Coast

The proposed land lease community will be part of the Sovereign Hills masterplan site at Thrumster, a suburb of Port Macquarie, 390km north-northeast of Sydney’s CBD. Port Macquarie Hastings Council has put the development application for Barton...

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Sector Moves & People

Uniting Vic.Tas CEO Bronwyn Pike AM to depart after six years in role

Bronwyn Pike AM has decided not to renew her contract that expires later this year, the workforce was informed on Friday. The former Victorian Health Minister became Uniting’s inaugural Board Chair in 2016 when Wesley Mission Victoria merged with...

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Development

Plans lodged for Catholic Healthcare’s vision for an integrated community at St Hedwig Village Blacktown

Two development applications have been lodged for the continued redevelopment of the village in the city, 34km west of Sydney’s CBD. The applications build on an earlier stage of the redevelopment, which created 72 new retirement living...

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