Late last year Adventist Aged Care purchased the two Greenleaf villages located at Belmont and Wyee from Bankwest appointed receiver Grant Thornton, part of the carnage created by Bill Lewskis Prime Trust demise and LMs abrupt withdrawal of mezzanine debt to developer Brent Tilse. The Adventists have announced they are proceeding with building 97 ILUs at Wyee and have a further 50 to build at Belmont.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...