Bendigo and Adelaide Bank have aggressively put out the message this week that they are keenly pusuing opportunities to provide finance for start-up developments as well as established facilities. Stating that they have been a major player in the village and care sector since 1985 (as well as a previous owner operator of retirement villages throughout Australia), they are looking to capitalise on both the reducing number of sector financiers and the new entrants to the market.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
