Aged Care

The world’s largest private equity players, including US groups Cerberus Capital Management and Blackstone, are in the race for Aveo Group’s $1 billion retirement village portfolio but investor hopes of a premium may not be realised.

The rapid expansion of health and aged care, student accommodation and data centres saw alternative assets show the fastest growth for JLL in Australia with revenue increasing 70% for the nine months to September compared with 2017.

Aveo, bruised retirement village operator, could be poised to cash in a painful Gold Coast asset as it prepares to lift its operations, literally, in the tourism capital.

Plans for an iconic Brisbane tennis centre, where champions such as Geoff Masters and Wendy Turnbull trained, have been unveiled.

Diversified property heavyweight Stockland has struck up an alliance with the Catholic Diocese of Broken Bay that will see the pair build an unconventional high-rise tower combining retirement and aged care facilities in the northern Sydney suburb of Epping.

Sisters Marilyn Blight and Lee Jones are looking forward to dining by the waterfront, booking a relaxing massage and taking walks around beautifully landscaped gardens.

A luxurious nursing home in Melbourne’s leafy east has hit the market for the first time in two decades.

lternative real estate investments such as aged-care facilities and data centres are set to benefit from a wave of institutional capital in coming years, according to JLL research.

Pets, space for the visiting grandchildren to stay, a cinema, beauty salon and in-house medical staff are all part of a $115 million Brisbane seniors project transforming aged care.