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Shortlist for control of $500m aged care empire revealed


Bis have been rolling in since the start of the month.
The Australian Financial Review reported that bidders had about a month to finalise diligence, arrange funding and submit a binding offer for the auction.
Halcyon s largest presence in Queensland is on the Sunshine Coast where three of its nine communities are located.
Its first facility, Halcyon Parks with 171 homes, was opened in Caloundra in 2004.
It also owns B by Halcyon at Buderim and Halcyon Lakeside at Bli Bli.
Stockland operates 60 retirement villages with more than 10,000 residents, including two on the Sunshine Coast - Bellcarra and Shine.
The $65.9 million deal also included the purchase of Big 4 Townsville Woodlands Holiday Park in North Queensland. ....

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Coast retirement village, holiday park swept up in $65m deal


Property records show the block was last sold for $9 million in 2007 to his company Altusvista Pty Ltd.
Ingenia announced the deal to the Australia Stock Exchange, saying the $65.9 million price also included purchase of Big 4 Townsville Woodlands Holiday Park in North Queensland.
The company s investor relations general manager, Donna Byrne, would not disclose what Ingenia paid for Mr Gabel s property.
Mayor Mark Jamieson meets Nature s Edge residents back in 2016.
Her company s previous Coast purchases include the former Rivershore Resort at Diddillibah, which it bought from Bernie McGovern in 2018 for $23.5 million.
But unlike at Diddillibah where Ingenia is growing the holiday park, the company plans to dissolve the holiday park aspect of the Forest Glen property to make way for a 68-home expansion of the Nature s Edge development. ....

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