SA: village operator KeyInvest announces record $3.5M profit thanks to funeral bond and village growth

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Chief executive Steve Aspinall has told The Advertiser that the 140-year-old mutual fund’s decision to expand its village portfolio in 2004 was a key milestone.

The group now has over 400 homes across seven villages in SA and Victoria as well as a range of funeral bond and investment bond products.

As we reported here, earlier this year they sold three micro villages to SA Not For Profit ECH.

Mr Aspinall says they are now focused on completing three new villages at Woodside (SA) – which just won the Seniors Living category at the UDIA SA Awards – Victor Harbor (SA), and Horsham (VIC) and also exploring opportunities to acquire established villages.