Stig Anderson of ANZ, speaking at this weeks conference, stated while they are keen to provide development funding to experienced retirement village operators, over the past 12 months they have only received three serious approaches. Paul Sullivan of Bendigo & Adelaide Bank backed this position up by reporting just 8 deals last year. They are also open to new projects.
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...