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It’s official – a recent study has found people who are lonely and socially isolated will literally die sooner than those who are living in communities. With an increasing number of Australian seniors living alone, this is an issue which needs to be addressed.
The Knowles family, who made their first fortune when they sold their village portfolio to Stockland in 2007, have now built Australia’s largest private residential care group, Arcare. They have 27 facilities with 2,600 beds.
Australia’s largest rental village operator, the Gold Coast based Eureka Group, has paid out $4.5M for Amber Lodge, a 54 room village in Morphettville, Adelaide. It has 90% occupancy plus land to develop another 36 units.
Rumours covered in the Financial Review state that Graeme Croft (pictured) and his sons are most likely to sell their development pipeline of 1,000 aged care beds to Archer Private Equity owned Allity.
At our LEADRS SUMMIT in March Minter Ellison partner Robin Lyons clearly outlined the accelerating risk retirement village operators face as 'home care' is increasingly being marketed together with villages. He explained village operators are moving into the ‘duty of care’ arena.
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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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