Inge and Knowles Families on BRW Families List (Media Monitors Australia, May 30, 2008)

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The two founding families of the Victorian retirement village industry this week entered the BRW Families List – their wealth an indication of their enduring commitment to the sector.
The Inge family sold their Zig Inge Group to the Retirement Villages Group last November for $641 million – the family had retained a 51 percent stake in the company following Macquarie Capital Funds’ acquisition of 49 percent in 2005. Their wealth now totals $435 million.
The Knowles family similarly sold their portfolio of retirement villages last year to Stockland for $329 million – a large portion of this money has been used to launch the company Australian Retirement Communities. The Knowles family also has interests in Arcare, which has 11 nursing homes around Victoria.

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