Bankwest is back in the game, continuing to support existing clients and looking for new opportunities. New Head of Strategy and Industry Specialisation (and QLD State Manager), Peter Winterflood, is moving around the country clarifying that Bankwest wants to continue to be a significant lender for both care and villages (preferably a combined product). Bankwest has retained its village and care specialist in every state, all operating independently of distant parent, the Commonwealth bank.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
