It is little known that ING is in the villages sector, which it entered via its real estate investment funds. Since taking back the management of its 41 rental villages last September under the Garden Villages brand, they have increased occupancy by 6% to 71%, with higher expectations as they roll out their marketing activities. They also own four lease/license villages in WA under the Settlers Lifestyle brand.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
