The new $16 million Bethlehem aged care facility in Cairns, Queensland is due to be completed by the end of next month. The new facility is part of the $100m Holy Spirit Westcourt Community and will provide nursing care to 86 residents. Next year will see the 12-month building project of stages two and three as part of a five-stage program. Stage three will include 38 apartments in a four-storey building.
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...
