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Signature Care CEO Graeme Croft looks over plans of previously built aged care homes with Member for Page Kevin Hogan. Credit: Daily Examiner

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Graeme Croft snaps up land at Grafton Golf Club for $2.2M

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Mr Croft’s Signature Care group plans to build a $35M, 144-bed aged care facility on the Club’s former 10th and 11th holes.

The land had originally been slated for a 14-block subdivision, but Club President Trevor Townsend said the sale would double the return they would have made.

More than 90% of members voted in favour of the sale, but it will be at least six months before a final decision is made.

This is the fifth Croft-related development we have reported on in the past six months.

Article Link here : https://www.theweeklysource.com.au/graeme-croft-snaps-land-grafton-golf-club-2-2m/

Croft Developments founder Graeme Croft. Credit: Gippsland Times

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Industry veteran Graeme Croft to invest $100M in aged care for north QLD

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His family-run Croft Developments plans to spend over $100M across three aged care developments in Manoora, Edmonton and Caravonica over the next 18 months, the Cairns Post reports.

Croft Developments is well-regarded in the sector for its construction of aged care facilities throughout VIC, NSW, QLD and the ACT.

Until 2013, they designed and built facilities under their Innovative Care brand, before selling their 10 facilities with 1,141 beds to Bupa. Since then, they constructed six aged care facilities for Bupa with 838 beds while Innovative Care (now known as Signature Care) has over 1,300 aged care beds due to be completed in the next three years.

They have the beds to back up their plans. Signature Care scored the second highest number of beds – 640 – in the latest Aged Care Approvals Round (ACAR) after Lendlease.

Article Link here :https://www.theweeklysource.com.au/industry-veteran-graeme-croft-invest-100m-aged-care-north-qld/