The new CEO of ING Real Estate Community Living, Simon Owen, has announced that the group has successfully refinanced its Australian debt facilities. This can only be regarded as a major achievement given their debt gearing ratio of 79%. Owen has stated they can now focus on delivering operating performance and cash flow from their core businesses, being the Settlers and Garden Villages businesses in Australia and 21 seniors communities in the US. [Simon Owen is also president of the Retirement Village Association].
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
