Aevum has 1,427 ILU residents and 228 Serviced Apartment residents. Their average ILU occupancy is 7.9 years and average SA occupancy is 3.8 years. Across 54 new ILUs developed and sold over the past 12 months, Aevum claims a development profit of 17%.
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...