Over the past two weeks our clients at villages.com.au have been providing some very encouraging ILU sales feedback. For instance, Kevin Bown, Executive Manager of Ocean Gardens Village in Perth says sales have picked up such that in 2012/13 he will double his sales to 2011/12. UPA in the Murray River Region is achieving very good pre sales for its new village 15 in the past two months. The Gannon Group across SA and NSW regional areas are also reporting strong results as are Tall Trees in QLD.
So lets have a quick review of 2013.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
