The owners of nineteen villages and aged care facilities, with 2,000 residents, have agreed in principal to join together to form a company called Hercules Ltd to list on the NZ stock exchange.
Their owners consist of individuals and companies. All Blacks captain Richie McCaw along with Dan Carter (pictured) are among the recent investors in villages in the proposed merger. They wish to raise $50-100M for expansion, plus have an exit strategy.
Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision
Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...