Moving towards the US campus model in upmarket areas, Australian Unity and Australand
have joined together for the first time in the Southern Highlands, 90 minutes from Sydney,
to build a village of 190 ILUs, a 153 bed residential aged care facility and a Wellbeing
Centre which will also serve the local public. The buildings will cover approximately
65% of the 17 ha estate, a site that could have accommodated 300 two and three
bedroom homes. They have also gone outside normal architectural circles to engage Cox
Richardson who are better known for upmarket resort and commercial developments.
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...
