Russell Kennedy has advised Villa Maria Catholic Homes (VMCH) on its acquisition of Point Cook Village in Melbourne’s western suburbs. This strategic addition expands VMCH’s retirement portfolio to 16 villages, bringing the total number of retirement homes to 868 across Victoria. For more information, see VMCH’s news page here.
The acquisition of Point Cook Village was successfully completed on 5 February 2025.
The Russell Kennedy team was led by Principal Rosemary Southgate, Principal (Property / Retirement Living) and Solomon Miller, Principal, (Retirement Living / Corporate Advisory / M&A) with assistance from Nathan Curcio, Lawyer (Property Development), Cameron Flanagan, Lawyer (Property Development) and Jack Short, Lawyer (Corporate Advisory / M&A).
Russell Kennedy Principal and transaction lead, Rosemary Southgate commented on the success, saying: “We are delighted to have supported VMCH in acquiring Point Cook Village, further enhancing their retirement living portfolio. This acquisition reflects VMCH’s dedication to providing high-quality, supportive living options for retirees across Victoria”.
Sonya Smart, CEO of VMCH said: (As quoted on VMCH’s news page here) "the decision to acquire the village from RCA Villages aligned with the organisation’s strategic objectives, and would ensure much-needed housing options remained for a rapidly ageing population".
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