NSW aged care and retirement provider Maroba says planning guidelines will need to be changed if it is to proceed with its $18 million proposal to build a five or six level independent living complex in Newcastle. The current local environment plan limits buildings to two levels and Maroba is arguing it needs the extra levels to make the facility financially viable.
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...
