In 2005 FKP and Macquarie purchased the Metlifecare business in New Zealand from Mr Cliff Cook. Now Mr Cook has joined with a Chicago-based investment firm called Equity International to build a global retirement village business under the Sanctuary Residences brand, with villages planned for Sydney and Melbourne. They are targeting high-value locations for five-star villages.
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...