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.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...