Bupa Care Services have extended their New Zealand portfolio with the acquisition of Culverden care home in Mangere, Auckland. Bupa will refurbish the facility in 2 stages; the first stage due for completion in early 2011 providing 41 care beds, followed by another 50 care beds during the next six months. Bupa Care Services are investing $2.3m in the refurbishment of the site.
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...