One local resident took the South Coast NSW Sandon Point development all the way to the High Court, arguing that it was ecologically unsustainable because planners had not considered increased flood risks resulting from climate change meaning climate change will cause the seas will rise. The project had stalled four years. ARV wishes to build an aged care facility while Stockland will build residential dwellings.
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...
