Rosewoods planned Leederville (WA) care facility of 120 beds, costing $40 million has stalled. They have also stopped redevelopment of their West Perth facility. The empty Leederville project has cost $2 million to date and is costing Rosewood $20,000 per month. It may have to be sold.
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...