Stockland achieved its major beachhead in NSW by winning Aevum plus significant momentum in its village portfolio with an expanded DMF base from about 23 villages to about 48 villages allowing it more security in its cash flows.
AMP Capital formally bowed out of their partnership with Meridien who in turn welcomed new investment from US giant JP Morgan (New York property investment fund) along with the rest of the industry, we are pleased to see new international money enter the market.
BUPA has continued its quiet consolidation of its ownership of the old Amity and can be expected to really start flexing its muscles in 2011 within the sector and government, building on what it started to do this year.
ING decided to exit all property, including its village portfolio of about 38 properties (mostly rental). They are on the market with an announcement likely soon. Since Simon Owen took over as CEO he has turned the group around in record time, increasing the options for buyers and their attraction overall.
