At this weeks NSW Property Council annual Retirement Outlook Breakfast Bruce Message of Premium Consulting and Chris Young of Suters Young + Metcalf Architects presented to the 230 guests their greenfield development model. It will incorporate child care, day care, retirement and aged care, with each service provided by a separate operator as a joint venture. The revenue spread, number of funders and higher sales rates that the multi site offering will generate is forecast to achieve a $27+ million profit and 37% IRR. Visit the Property Council web site for more information. (www.propertyoz.com.au)
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...