The Doncaster retirement village has had Aveo ejected as its manager by the courts. The village was a joint project between Darnley Homes and Retirement Services Australia (RSA). Darnleys have gone on alone to develop Domaine Mornington. The village had been managed by RSA since 2001 but RSA had on-sold its interest to a Aveo(FKP)/Macquarie Bank consortium without getting prior permission of their co-owners. The court has sanctioned the ejection of RSA/FKP from the village, now branded as Aveo.
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...