Ending seven months of heavy local protest against the sale, Monash Council agreed to sell Monash Gardens and Elizabeth Gardens to Royal Freemasons for $21.8M in cash. A petition of 10,000 names plus social media campaigns and the in 1867, operates five high care facilities in Melbourne plus 10 retirement villages. They will recruit from the 180 existing council care staff.
Mergers & Acquisitions
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...
