The Oak Tree Group this week submitted an application to Brisbane City Council for a $50 million, 164-unit retirement village to be built at Wynnum West. Director Mark Bindon said the village would accommodate couples and singles in one to three-bedroom units. Were not targeting the super-rich we think its something thats badly needed in the area. Oak Tree Retirement Villages are operated under a joint venture arrangement between the Oak Tree Group Pty Ltd and the listed property trust, ING Real Estate Community Living Fund Group (ILF)
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...
