On the one hand the Village Life group has a rocky year transferring most of its 80+ rental villages over to SunnyCove because of the hard going to make the financial model work, and on the other hand the American group Harvest Developments announces it is going to build 10 villages in the next 2 years based on its US formula that has allowed it to build 300 villages in 30 years. The average entry age in America is 83 and they stay for an average of 3 years.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...