Aveo sale to Brookfield confirmed – what does it mean
Australia’s only ASX listed pure retirement village operator is about to be privatised. The announcement Last Wednesday Aveo announced its…
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Summerset sees strong demand for retirement villages
The NZ retirement village group’s half-year net profit has fallen slightly in the six months to June to $92.6M, down…
Glen Browne’s Reside Communities hungry for growth
The company which launched onto the market in 2018 has ambitious plans to build 348 ‘vertical’ apartments for retirees on the…
Aveo sale by the end of the week
Aveo was forced to make an announcement today on its sales process following an article in the Australian Financial Review…
International money out there for aged and healthcare development
Singapore based, Parkway Life Real Estate Investment Trust (Reit) has posted a 2.6% increase in its distribution per unit to…
Oak Tree majority investor First State Super to merge with VICSuper for second biggest profit-for-members fund
The Victorian and NSW public sector default funds have started due diligence on a merger that would create a $120…
Fake aged care nursing director fined $60,000
A Victorian man who conned his way into becoming the Director of Nursing in an aged care facility by falsely…
No decision for Aveo sale
Yesterday was the supposed announcement date for a deal between the shareholders and Canadian investment fund Brookfield to sell all…
Stockland Retirement may have two serious buyers
The Australian’s dataroom business background column reported yesterday that an Australian super fund and the Singapore media group are seriously…
Perth’s Berrington Care Group goes into voluntary administration
KPMG has been appointed as the administrator to the ‘luxury’ aged care provider, which has two facilities in inner-Perth –…