The largest and third largest private village operators are heading towards the courts against each other. Lend Lease Primelife manages 12 Prime Trust villages. Prime Trust claims LLP (through its subsidiaries) has not been complying with its contractual requirements to pay the full rent and net ingoing contributions to Prime Trust. LLP has counterclaim that prime trust has a net debt to LLP.
Keyton’s thought leadership in a sea of misunderstanding on what retirement villages are
Why has Keyton for the second year financed a Future of Retirement Living roundtable in Canberra plus a full page in the Australian? They identify two major problems: bureaucrats still don’t understand what retirement villages are and don’t...