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
Retirement villages have Canberra’s attention – now the sector must prove its value
Three years after Daniel Gannon took the reins of the Retirement Living Council (RLC), the sector has achieved something his predecessor Ben Myers was never able to: national recognition in Canberra. This is just the fist step. Retirement villages now need to capitalise on this moment. Here’s how.
