Major village operator about to sell to a major Australian super fund – at last

Rumours are hot that at last a major super fund is acquiring a large village operator in its entirety, not just as a passive investor. Whether this means a social responsibility charter is being enacted or just a property investment play is yet to be revealed. The importance of this move is that it is ‘new money’ in the sector when no banks are really lending, and it identifies villages as ‘investment grade’. (The last major super investor was CBUS who sold its 4 villages in about 2008 at the peak. They are now managed by Aveo Live Well).