with over 3600 independent living units and apartments across 28 villages in NSW, SA and QLD.
It is the largest privately-held pure-play retirement operator in Australia and has an experienced management team headquartered in Brisbane. With a focus on providing superior quality of care and amenities RetireAustralia takes pride in building retirement lifestyles that meet and exceed residents’ expectations.
This Update outlines RetireAustralia and Infratil’s investment case. It also explains why the investment outlook for retirement accommodation differs from the returns and risks of other segments of the housing market.
In December 2014 Infratil and its partner, the New Zealand Superannuation Fund, each acquired 50% of RetireAustralia for a sum which valued the Company at approximately A$650 million (debt A$210 million and equity A$440 million).Infratil now has over $400 million invested in retirement accommodation and aged care in New Zealand and Australia. Metlifecare (20% owned by Infratil) and RetireAustralia (50% owned) provide homes for almost 11,000 people in approximately 8,000 units, apartments and care facilities.
Housing (not just for the elderly) is a topic drawing attention from academic, regulatory, political and commercial sources. Aspects of the housing market are felt to be inefficient and there are many suggested solutions.
29 Sep 2015
The Board of RetireAustralia is pleased to announce the appointment of Alison Quinn as the new CEO commencing in early 2016. Alison joins RetireAustralia from Aveo Limited where she was Executive General Manager Retirements, responsible for strategic and operational management of Aveo's Retirement Division. Chairman of RetireAustralia Steven Fitzgerald...
6 May 2015
Retire Australia – CEO Tim Russell to move on
After 10 years of acquisition, development and consolidation, and after the recent sale of RetireAustralia, Tim Russell has decided to leave the business to pursue a new opportunity.
The RetireAustralia Board and shareholders are grateful to Tim for the quality of the business...
30 Mar 2015
RetireAustralia, has today announced the appointment of two new Independent Non-Executive Directors, with Professor Christine Bennett AO and Peter Spira joining the Board.
RetireAustralia was purchased by Infratil Limited and the New Zealand Superannuation Fund (50% each) on 31 December, last year.
Professor Christine Bennett AO is one of Australia's most respected...
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