Retirement home

Plans are afoot for multi-million dollar shopping centre, retirement village and hotel development that would transform a vacant block in the northern suburbs of Mackay.

Seniors living and aged care is tipped to become an increasingly hot sector in South East Queensland, with industry commentators predicting a boom in vertical ‘apartment-style’ aged care villages integrated with allied care.

Intense competition between a trio of aged care providers saw the price of a Brighton East respite facility, owned by Benetas, soar to $19 million – $8 million above its reserve.

REST Super has succeeded in fighting off attempts by the listed Aveo Group to block it from attempting to dislodge the aged care outfit as manager of the Retirement Villages Group real estate trust. This article originally appeared on theaustralian.com.au/property.

Retirement group Aveo is understood to be in talks with REST ­Industry Super as it chases long-held plans to gain a 100% stake in the unlisted retirement group RVG. This article originally appeared on theaustralian.com/property.

Private aged care group Arcare will double its number of beds under management within two years as it extends its lead as the largest privately owned group in the sector. This article originally appeared on theaustralian.com.au/property.

A looming chronic shortage of retirement accommodation will create big opportunities for industry investors in 2016.

An approved site for 91 self-contained units for seniors in the heart of Tweed Heads is up for sale, amid a red hot retirees market.

Don’t let the name fool you. The Brisbane Hotel is most definitely in Perth and it’s most definitely for sale.