St Lukes has finally bowed out of its ocean side retirement village and aged care developments at Little Bay, in the Eastern Suburbs edge of Sydney. Their aged care facility was arguably one of the citys best designed but St Lukes struggled to fill it. About two years ago they sold it to sister and brother, Barbara and Mark Moran, who quickly filled it at premium prices reportedly with bonds up to $800,000. From the outset St Lukes also struggled with sales of the prestige vertical retirement village development with great ocean views. Finally they called in Karen Mattingley to finish the sales program successfully. Now they have sold it to Lend Lease.
Community Living
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...
