Bis have been rolling in since the start of the month. The Australian Financial Review reported that bidders had about a month to finalise diligence, arrange funding and submit a binding offer for the auction. Halcyon s largest presence in Queensland is on the Sunshine Coast where three of its nine communities are located. Its first facility, Halcyon Parks with 171 homes, was opened in Caloundra in 2004. It also owns B by Halcyon at Buderim and Halcyon Lakeside at Bli Bli. Stockland operates 60 retirement villages with more than 10,000 residents, including two on the Sunshine Coast - Bellcarra and Shine. The $65.9 million deal also included the purchase of Big 4 Townsville Woodlands Holiday Park in North Queensland.
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Subscriber only Bids are rolling in for a potential takeover of a major owner and operator of multiple Sunshine Coast aged care facilities. Halcyon is looking for investors to buy a majority stake in the company - or the entire business - in a bid to raise capital to expand interstate. Three of its nine Queensland lifestyle villages are on the Sunshine Coast including B by Halcyon at Buderim, Halcyon Landing at Bli Bli and Halcyon Parks at Caloundra. Parks was Halcyon s first facility and opened in 2004 at the 18 hectare site. The development has 171 homes. It is understood the company engaged adviser Rothschild to begin the search for investors around March and bids started to come in last week.