Aveo parent FKP is still under a takeover offer by Lend Lease at $5 per share. In a vote of confidence, Mulpha International an existing major investor in FKP this week spent $19.8 million to increase its shareholding from 15 to 16.6 percent, paying $4.60 per share. If Lend Lease did win its takeover tomorrow, Mulpha would immediately make $1.7 million.
$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.