New Zealands Overseas Investment Office (OIO) has approved a deal for Australia's QPE Funds Management to buy out AMP Capital Investors' stake in Summerset in a $100 million retirement village deal. Summerset is New Zealand's third-largest largest retirement village developer and the operator behind NZX-listed businesses Ryman Healthcare and Metlifecare. QPE now has full control of Summersets management company.
$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.