Prime Trust finally succumbed and now has 3 or more receivers raking over its bones while Bill Lewski is believed to be still actively trying to keep his hat in the ownership ring. Lend Lease Primelife is in the box seat to acquire the Prime Trust villages it wants (rumoured to be just 4 or 5 of the 12 it has been managing). Also in its sights are the management rights to Macquarie problem child, Retirement Village group that has been creating heartburn for the original retail investors.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
