The new CEO of ING Real Estate Community Living, Simon Owen, has announced that the group has successfully refinanced its Australian debt facilities. This can only be regarded as a major achievement given their debt gearing ratio of 79%. Owen has stated they can now focus on delivering operating performance and cash flow from their core businesses, being the Settlers and Garden Villages businesses in Australia and 21 seniors communities in the US. [Simon Owen is also president of the Retirement Village Association].
Retirement living’s biggest moves: January to June 2025
A month-by-month breakdown of the key deals, approvals, launches and leadership changes shaping the retirement living and land lease sector in the first half of the year. JANUARY 6 Eureka Group plans $25M-$30M asset recycling of over-55s rental...