After 18 months in the Federal Court Prime Trust won back control of 12 of its villages. The old Village Life (now called Fig Tree) tried to transfer the management rights it had under contract to SCV. Prime had argued that this breached its obligations. The court support of Prime Trust.
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...