FKP continues to be aggressive buyer – this week in the US

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FKP, the parent of the Aveo group of villages, has partnered 50/50 with Macqaurie Bank to buy 8 villages in the American states of Florida, Tennessee, Georgia and South Carolina, with 522 beds. The cost was $US47 million and shared 50/50. All the villages operate under a rental model. FKP says the purchase is a one-off , being good value thanks to the aftermath of the US sub-prime mortgage crisis.
Last week FKP was party to the $614 million purchase of the Australian Zig Inge group, owning 26% of the buyer, Retirement Village Group.

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