The Albury Council went out of its way to make sure developers did not have to face the uncertainty of an auction to buy land for a village and aged care facility. The Council bought the land for both facilities from the Albury-Wodonga Corporation and then immediately on sold them to the developer at cost. They will now be integral to a $65 million development in the small township of Thurgoona, just northeast of Albury.
Mergers & Acquisitions
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...
