Just a few weeks into his role as CEO of ING Real Estate Community Living Group (REIT), Simon Owen has negotiated an extension of short-term banking facilities due to expire 22 December, giving him time to finalize the sale of the Meridian and Regency portfolios with the goal of a new three-year facility. Given a 72% debt load, this is an achievement.
$36M Resthaven Bellevue Heights redevelopment in Adelaide opens doors
The South Australian Not For Profit provider has opened Stage 2 of the redevelopment of Resthaven Bellevue Heights in Mitcham, 7km south of Adelaide’s CBD.