Villages Info Centre

Luke Grieve, National Operations Manager - Aged and Community Care for Telstra Health, questions whether retirement villages will be relevant in the future.

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If you want a better understanding of who is buying who, why they are buying and the valuations they are paying, you should make contact with Russell Allison at Knight Frank. He has just released a 20 page report on the transactions made in the retirement village and aged care sectors across 2014 and 2015 and it’s available for free.

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Laurie and Michael Kresner’s Advantged Care has made a planning submission for a $54 million / 300 bed care facility in Edensor Park, outer western Sydney. This will add to their current construction of 132 beds at Prestons and 112 beds at Blacktown, a total of 544 beds in development. The family are traditional residential subdivision developers. They entered the aged care sector in 2001 and have three existing facilities.

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Sydney’s ARV has purchased 5.88 ha for $16.6 million in Minto, south-western Sydney. The potential for the site is up to 200 retirement living units, including affordable rentals as part of their mission, and a 100 bed care facility.

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A new study looking at the relationship between physical exercise and prevention of cardiovascular disease and death in people aged 65 and older has provided much needed evidence that even a small amount of exercise can protect against death.

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