Love Ageing

Country Club Villages addresses media speculation about ASX listing

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Directors Stewart Gull and Paul Burke tell us that the Board of Directors and management is currently considering “various alternatives” in relation to the Group’s growth strategy going forward – including the potential acquisition of new villages and a potential IPO – but no final decision has been made yet.

The Australian’s Dataroom section had published a piece last week stating that the Victorian-based village operator was revving up plans to float on the Australian Securities Exchange for around $430 million.

Founded in 1990 by Jim Selkirk and director Stewart Gull, Country Club has eight villages with around 1,500 units and sites in its portfolio with further acquisitions planned and $500 million worth of developments underway.

Watch this space then.

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