Regis divests two aged care homes for $25M gain
Regis expects the transaction to deliver a one-off pre-tax gain of approximately $25 million, which will be recognised in its FY26 financial results.
Regis expects the transaction to deliver a one-off pre-tax gain of approximately $25 million, which will be recognised in its FY26 financial results.
The business was established in 2018, with Cerberus owning the majority of the land-holdings vehicle and the founders retaining a minority stake. In the operating company that sells the homes, the structure is reversed, with Cerberus in the minority.
The move follows Brookfield Asset Management’s sale of Aveo to Scape Australia and South Korea’s National Pension Service in June for $3.85 billion.
The Rose Bay “super site” was marketed as the largest consolidated development opportunity to have been openly offered in Sydney’s Eastern Suburbs.