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.
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...
