Lend Lease have released their FY10 figures. They have reported a A$345.6 net profit and operating profit of A$323.6m which is a 5.2% growth on the previous year. They have also secured a reported $20b in projects for their development pipeline and are progressing well with the full integration of Primelife. The group currently owns 70 retirement villages and 33 aged care facilities. The group is in a strong investment position; 0.8b of equity raised, $250m cash from asset sales and $6.4b of new equity raised.
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...