Prime Trust has sold the Veronica Nursing Home, located in their big Brentwood retirement village on the Central Coast of NSW, for $8.5 million, a $1.5 million or 18% reduction on its book value. They also have six aged care and four retirement village properties for sale. At the same time they have opened a new, luxury aged care facility in Buderim on the Sunshine Coast.
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Three years after $1B+ valuation, RetireAustralia faces $850M sale
Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...