Prime Trust finally succumbed and now has 3 or more receivers raking over its bones while Bill Lewski is believed to be still actively trying to keep his hat in the ownership ring. Lend Lease Primelife is in the box seat to acquire the Prime Trust villages it wants (rumoured to be just 4 or 5 of the 12 it has been managing). Also in its sights are the management rights to Macquarie problem child, Retirement Village group that has been creating heartburn for the original retail investors.
Retirement living for the “well-heeled”: Residents begin to move into Retirement by Moran’s second venture: Sage in Cronulla
Shane Moran, the Founder and Chief Executive of Retirement by Moran, concedes admission to his residences is “not inexpensive”. Sage is an eight-storey development of 37 two- and three-bedroom apartments. The art-deco- meets-coastal-chic...