Stockland has announced that it now holds a 60.52 % majority stake in Aevum. Stocklands cash offer for Aevum shares has now been extended until 13 October 2010. Stockland Managing Director, Matthew Quinn said the consolidation of the two businesses would almost double the size of Stocklands Retirement Living Business.
The Tuesday SOURCE
The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting
The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...