Ten months after capturing 43.2% and control of Babcock & Brown Communities for $195 million (including management fees) and rebranding it Lend Lease Primelife, Lend Lease has made a move to buy the other 56.8% for approximately $175 million. They will also take on about $400 million in debt. The Mum and Dad security holders plus institutions have been offered $0.31 compared to $0.30 today. This will deliver approximately 55 villages and 29 aged care facilities at a cost of $770 million or $9 million average per property.


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...
