Lend Lease have released their FY10 figures. They have reported a A$345.6 net profit and operating profit of A$323.6m which is a 5.2% growth on the previous year. They have also secured a reported $20b in projects for their development pipeline and are progressing well with the full integration of Primelife. The group currently owns 70 retirement villages and 33 aged care facilities. The group is in a strong investment position; 0.8b of equity raised, $250m cash from asset sales and $6.4b of new equity raised.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
