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Aged care operator Estia Health has purchased from the Hutchinson family on the NSW north coast 349 beds across their three facilities in Taree, Tuncurry and Forster, a deal put together by Phil Smith at Colliers. Estia has also purchased a 120 bed facility at Mount Coolum on the Sunshine Coast.
In the clearest statement of support received to date, Sundale CEO and LASA Director, Glenn Bunney (pictured), has identified what he believes to be good about the budget for the aged care sector.
With 30% increases in share values across the board for operators of retirement villages and other forms of seniors accommodation over the last five months, it is worth revisiting Phil Smith’s presentation at the LEADERS SUMMIT in March. (Phil is National Director Healthcare and Retirement Living at Colliers).
Small listed rental retirement village operator Eureka has raised $8M from institutional investors, to fund further rental village acquisitions.
Liverpool Golf Club has decided to keep its senior beer drinkers and members close to home by carving off their 2.2 hectare driving range to build 100 to 150 homes for seniors living style retirement village. They will however sell them as house and land packages to members.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.
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