Few people in Australia realize that BUPA is a major operator of retirement villages in New Zealand, currently with 22 villages. It has just announced its plans to build another village in Upper Riccarton, a suburb of Christchurch. Valued at $45 million and located on 2.8 ha it will have ILUs for 60 to 80 people plus and aged care facility for 100 people. In earthquake prone Christchurch, it will be three stories high. The question is when will BUPA commence village development in Australia?
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...