Few people in Australia realize that BUPA is a major operator of retirement villages in New Zealand, currently with 22 villages. It has just announced its plans to build another village in Upper Riccarton, a suburb of Christchurch. Valued at $45 million and located on 2.8 ha it will have ILUs for 60 to 80 people plus and aged care facility for 100 people. In earthquake prone Christchurch, it will be three stories high. The question is when will BUPA commence village development in Australia?


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...
