Aged Care

A Melbourne nursing home with an estimated $8 million price tag is set to go under the hammer in a live online auction later this year.

A new seniors living village slated for Canberra will be given a $60 million environmentally friendly boost from the federal government’s green energy fund.

Students at the University of Wollongong will soon share their campus with retirees as part of a $500 million deal with Leadlease to build an integrated health and wellbeing hub.

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.