A 17 story residential apartment block approximately 5 years old and located in Crows Nest, 5
km north of Sydneys Harbour Bridge, has been bought by the Abacus property group for $36
million with the intention of converting it into 95 ILUs. Abacus is a joint-venture between New
Zealands Mr Cliff Cook and Chicagos Mr Sam Zell. They are targeting high wealth retirees.
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...