The largest pure retirement village operator, Aevum, predicted at its Annual General Meeting
last week that its net profit after tax for 2009 will decline from this years $28.5 million by
10 to 20 percent, based on the housing market not sinking further. It should be noted that
Aevums 2008 net profit was up 24 percent on 2007.


Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
