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Lifestyle Ocean Grove will be built as part of the Kingston Ocean Grove estate, 25km from Geelong, and will feature 193 homes and resort-style facilities.
The joint venture between Tim Russell and Mark Taylor, formerly of RetireAustralia, and Brisbane-based private equity firm Blue Sky, has announced it has four additional retirement village greenfields developments in the works.
NZ’s biggest retirement village operator has received approval to build the village in Devonport, 13km from the Auckland CBD, which will include 195 independent living units, a 120-bed hospital or aged care home and 78 serviced apartments up to six storeys high.
Accompanying their latest Quarterly release of the StewartBrown Aged Care Financial Performance Survey covering 800 aged care facilities, is a paper by StewartBrown Director Patrick Reid arguing that operators should be increasing Refundable Accommodation Deposit (RAD) fees.
Mr Wyatt will be sworn in today as Minister for Aged Care and the first Indigenous person to assume a role in the Commonwealth ministry, taking over from Ms Ley who stood down last week amidst a review into her travel expenses.
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