After four years of concept development Queenslands Blue Care has awarded the $80M construction contract for Azure Blue Carina project. Valued at $80M, it has achieved 80% presales. It will also feature a 128 resident aged care facility. Initial research led Blue Care, due to concern about the aged care image focus of the group to create the Azure Blue brand. (A $500M Not For Profit operation, Blue Care is Queenslands most recognised brand, with 10,000 staff and volunteers serving 46,000 clients daily). They have four more Azure Blue developments planned.
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...
