find the latest legal job
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Insurance Lawyer (1 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Great Career Opportunity ·
View details
Insurance and Health Lawyer (1-4 PAE)
Category: Insurance and Superannuation Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· New position to support Growth ·
View details
‘First of its kind’ dementia facility financed

‘First of its kind’ dementia facility financed


A social enterprise has secured financing for a new dementia care facility in Tasmania.

Firm: Allens (Social Ventures Australia)

Deal: Social Ventures Australia (SVA) secured financing to build a new dementia care facility in Tasmania.

Value: $25 million

Area: Banking and finance; pro bono

Key players: Allens banking and finance partner Jo Folan (pictured) was the lead partner advising SVA.

Deal significance: Allens provided pro bono advice to social organisation SVA on the financing of the Korongee dementia care village, to be built in Glenorchy, Tasmania. The ABC reported the value of the project as $25 million.

The village will be the first of its kind in Australia, according to a statement from Allens. Residents will be able to wander freely in a safe environment, with 15 homes, a supermarket, a cinema, a café, a beauty salon and gardens.

Korongee is a partnership between Glenview, HESTA and SVA. It will be built with assistance from the Commonwealth government.

“We are delighted to have provided advice to Social Ventures Australia on the financing of this cutting-edge model of care, which will ease the burden for individuals and families living with dementia and forge a path for new treatment options,” said Allens lead partner Jo Folan.

“We look forward to watching the Korongee initiative unfold, as well as continuing our work with Social Ventures Australia.”

Pictured: Allens partner Jo Folan.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

‘First of its kind’ dementia facility financed
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Please, Continue (Hamlet), Melbourne Festival
Oct 16 2017
Hamlet suffers slings and arrows of top Victorian barristers
Victorian judges and barristers have performed the unique play Please, Continue (Hamlet) at the Melb...
Julian Assange
Oct 13 2017
When justice fails, according to Assange
WikiLeaks founder Julian Assange has dismissed the capacity of judicial systems to deal with complex...
Aussie anti-terrorism laws, detention of 10-year-olds
Oct 13 2017
Treatment of kids under Aussie anti-terrorism laws an over-reach: ABA
The Australian Bar Association has urged the government to reconsider proposed reforms to Australian...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...