Retirement home

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

Retirement living trust Ingenia Communities Group has raised $131 million of fresh equity to buy three estates and pump more capital into its Sun Communities joint venture, putting it on the path to a $1 billion market capitalisation.

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.

When I think of food at a retirement village, I think of slop – large amounts in a bain-marie.

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.

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.