Outsider, Pamela Pointon, has been named the interim CEO of SCV for an initial period of three months. The company has also announced that its management contract for 10 communities owned by Young Village Estates has been renewed to June 2014. Their new business model of variable rental rates depending on the services delivered is reportedly being well received, with the example of their Inala village in western Brisbane moving from a 16% occupancy to 65% in just six weeks.
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...