Rumours have it that a property developer is one of a group of incognito investors, all said to be of Greek-Australian background, behind a $25 million seniors village to be built on Crown land in the Northern Territory. The proposed village will be built in two stages and will include 40 low-cost units and a 60-bed aged care home.
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...