The highly regarded CEO of Villa Maria, Valerie Lyons, achieved a coup by securing a key inner-city Camberwell property with approval for 64 ILU village for $8.75 million. This equates to a land value of $137,000 per ILU in a AAA prime location. The irony is that the seller was a Macquarie Bank offshoot, an organization known for its tough negotiation, and Villa Maria is a Not For Profit.
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...