Regis has 45 aged-care facilities, with 4719 existing places, along with further provisional allocations. The initial offering raised $485.9 million, with the funds being used for greenfield and existing redevelopments.

The pro forma revenue for fiscal 2014 is $404.8 million, with more than half coming from government. The 2015 net profit is forecast to be $48 million.

Regis chief executive Ross Johnston said the listing "marks the beginning of an exciting new chapter for the group ... Given the increasing demand for residential aged care in Australia, we are delighted to be entering our next phase of growth as a listed entity."

Regis follows the $525 million listing of Japara Healthcare in April this year and will also compete with the Aveo group for assets.

Analysts said demand was forecast to be strong in the aged-care property market as the population aged and people lived longer.

Meanwhile, the retail sector is also busy amid suggestions that Abacus Funds has sold its Birkenhead Point site to Mirvac for about $300 million. The agents involved declined to comment.

The deal has been in the pipeline for some time as Abacus looks to sell down what it sees as non-core assets for its fund and then use the cash for other developments.

Elsewhere, TIAA Henderson Real Estate has agreed to acquire a 75 per cent interest in Mount Ommaney Centre, a regional shopping centre in Brisbane. The property will be acquired as part of a co-ownership arrangement with Federation Centres, who will own 25 per cent of the centre. Federation Centres will provide ongoing property management services at the centre. The total purchase price is $416.25 million.