It appears that Bankwest support for distressed villages has finally come to an end. Administrator Grant Thornton has been appointed to Greenleaf Belmont and Greenleaf Wyee on NSWs Central Coast. They took over the village last Friday and had to handle as Manager - a violent sexual assault on the Saturday. It is open knowledge that Bankwest parent, the Commonwealth Bank, just does not want to be in the village space. Rumour has as many as 30 villages could fall, which will hit valuations hard.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...