05/01/2018 - 12:32

Amana Living buys retirement village

05/01/2018 - 12:32

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Local aged care provider Amana Living has purchased the Settlers Meadow Springs Retirement Village in Mandurah and an adjacent parcel of land from ASX-listed Ingenia Communities Group.

 Amana Living buys retirement village
Stephanie Buckland says the acquisition will allow Amana to offer a range of retirement and care options. Photo: Attila Csaszar

Local aged care provider Amana Living has purchased the Settlers Meadow Springs Retirement Village in Mandurah and an adjacent parcel of land from ASX-listed Ingenia Communities Group.

The deal was announced late last month, with settlement to take place on January 31 and was one of three non-core assests Ingenia Group sold for $17 million. 

The property, comprising 1.6 hectares for the retirement village and 1.5ha of adjoining land, will become Amana Living’s second village in Mandurah.

It adds to an already established portfolio of lifestyle villages for Amana Living, which is also a major player in the aged care facility space, ranked sixth on the BNiQ Search Engine’s list of providers in the state as ranked by number of beds.

Amana Living chief executive Stephanie Buckland said Mandurah and the Peel region had a growing need for quality aged care services.

“This acquisition provides us with the opportunity to offer an integrated hub which will include independent living units, residential care and a home care base,” she said.

The village will be renamed Amana Living Meadow Springs Retirement Village.

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