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.
DIGITAL EDITION
Thinking of rescuing a collapsing aged care home? Expect to pay $50K to $1.5M to get the deal done
As ACCC merger reform collides with a shifting transfer system, saving an aged care home could soon cost operators months in delays and hundreds of thousands in filing fees before a single resident moves. Two big obstacles have been added to helping...