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.
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...
