Well over $1 billion has been written off as values as falling sales and poor sentiment has taken a toll on what had been a boom market sector. There are encouraging signals, however with indication the worst is over with sales rates beginning to improve and new equity coming into the industry.
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...