Anglican Retirement Villages (ARV) has purchased 12.7 hectares which fronts onto Stanhope Parkway and is a few minutes' walk from Stanhope Shopping Village (near Blacktown), with the intention to build a village of 200 ILUs and a 100 plus bed aged care facility. It will be part of a Landcom greenfield development known as The Ponds. ARV and Landcom are still working to get its Bowral village proposal through Council.
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...
