Catering to the top end of the market, Grand Pacific has released its plans for its Mount Martha development of 409 ILUs priced at an average of $500,000. The village will consist of 15 buildings, each of 3 stories and range from studios to 3 bedroom apartments. They have just released the neighbouring waterfront townhouses and are achieving sales at $3.5 million each.
In Queensalnd their 25 level retirement tower at Marine Parade, Southport has delivered 40 sales with 9 months of construction still to go. Sales have been priced from $395,000 to $2.6 million.
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...
