It rarely happens but the directors of Fernleigh Gardens in Woodcroft (Adelaide) are refusing to hand the receiver, Korda Mentha, its company records, including all the resident contracts. A number of prospective residents are fearing making substantial losses having bought off the plan.
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...