Under assessment · Notification · Phase 1 · day 7, due 30 Nov 2026
IPLiving, a joint venture of Zig Inge Group and Palisade Impact Fund, proposes to acquire the retirement village businesses and assets of Springwood Living Group Pty Ltd. This asset acquisition includes the Woniora retirement village in Sydney and the Healey retirement village in Melbourne, expanding IPLiving's retirement living portfolio.
RC Platform Pty Ltd as trustee for RC Platform Trust (trading as IPLiving) ( IPLiving ) proposes to acquire, via two wholly-owned special purpose vehicles, the retirement village businesses and assets of Springwood Living Group Pty Ltd ( Springwood Living Group ) (the Acquisition ). The proposed Acquisition will involve: RC Woniora Pty Ltd ( RC Woniora ) as trustee for RC Woniora Trust acquiring the Woniora retirement village in Sydney’s upper north shore Wahroonga, which is currently owned and operated by Woniora Management Pty Ltd, a wholly-owned subsidiary of Springwood Living Group; and RC Healey Pty Ltd ( RC Healey ) as trustee for RC Healey Trust acquiring the Healey retirement village in Moorabbin, south-east Melbourne, which is currently owned and operated by Healey Management Pty Ltd, also a wholly-owned subsidiary of Springwood Living Group. The assets to be acquired by IPLiving from Springwood Living Group include land, plant / equipment, goodwill, contracts, intellectual property rights, records, stock, approvals, and resident agreements. IPLiving operates a retirement living business comprising six retirement villages in Victoria and New South Wales. IPLiving is a joint venture between the Zig Inge Group ( Zig Inge ) and the Palisade Impact Fund, which is managed by Palisade Impact Pty Ltd ( Palisade ). Palisade is an Australian investment manager of long-term investments in infrastructure assets and businesses, and Zig Inge is a family-owned, diversified investment business.