With an aging population, demand for retirement living accommodation will continue to grow. This growth will see an increase in regulatory compliance for operators of villages and aged care facilities. HopgoodGanim provides a complete service to developers and operators of retirement living facilities, advising on issues ranging from the initial structuring and development of facilities through to ongoing regulatory compliance.
Our retirement living team drafts and prepares all retirement living transactional and structural documents, advises on buying and selling retirement living facilities, and works with clients to quickly and cost-effectively resolve any disputes that may arise.
Our retirement living specialists draw experience from a variety of legal and technical backgrounds, including commercial property, corporate advisory, taxation and revenue, industrial and employment law, trade practices and litigation. Together, they are a connected team with an excellent understanding of the retirement living industry.
Areas of Expertise
- Corporate advisory and governance
- Scheme and business structuring
- Capital raising and private equity
- Sales, acquisitions and restructuring of retirement living facilities
- Financing
- Occupational health and safety
- Workplace relations
- Residence contracts, public information documents and other residential agreements
Our Experience
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Advising a major operator on the acquisition and restructure of a $315 million portfolio of retirement village assets across Queensland, New South Wales and South Australia. We advised on a broad range of taxation and duty issues associated with the acquisitions, and advised on the negotiation and implementation of the restructure of shareholdings held by residents of the villages.
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Advising an ASX-listed operator on structuring and documentation for management rights for senior living facilities, including various leasing and titling arrangements.
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Advising a national operator on the lending facility agreements associated with the acquisition of a major portfolio.
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Advising and consolidating leasing arrangements for numerous villages into uniform leasing arrangements.
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Establishing and maintaining an online document access system for a major operator of villages in numerous States, enabling online access to scheme documents.
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Advising and representing village operators in dispute proceedings.
