Despite the widely held view that Manchester Unity with ex-NSW Liberal leader John Brogden at the helm placed its small New South Wales village and care facilities on the market too late to achieve top dollar, a sale is rumoured to have been achieved and quite close to the asking price. The buyer is thought to be a Victorian operator that wants to build its presence in New South Wales.
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...