The $20m Magnolia Manor aged care facility has opened in Kanwal on the central coast of NSW. The new facility is owned by the Shteinman family who also own centres at Merrylands and Collaroy in Sydney. The new centre employs 80 full-time staff and provides high, low and dementia specific accommodation for 128 residents.
RetireAustralia acquired by Invesco Real Estate for $845M
The global real estate investment management business, which has over US$80 billion in real estate assets under management, has forked out $845 million for the Brisbane-based retirement village operator.