Aged Care

Plans for a three-storey aged care development on a prominent Highton site look set to go ahead after it sold for $3.6 million.

A Highton site of an approved 122-bed, three-storey aged care facility is on the market.

Canadian behemoth Brookfield has won a major foothold in Australia’s retirement living sector, with Aveo shareholders voting to approve its takeover scheme.

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.