At the RVA Regional Conference in Melbourne yesterday confidence was being expressed that the sector has bottomed out. Leading Knight Frank valuer Sam Murphy stated one sale a month is the norm but we should start to see growth. Darryl Watherston, heading Ingenia marketing, has been making great sales in both his DMF and rental villages, with stock now becoming a problem in Perth. His Chairman, Jim Hazel, is also upbeat about the sector 12-24 months out.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
