Just a few weeks into his role as CEO of ING Real Estate Community Living Group (REIT), Simon Owen has negotiated an extension of short-term banking facilities due to expire 22 December, giving him time to finalize the sale of the Meridian and Regency portfolios with the goal of a new three-year facility. Given a 72% debt load, this is an achievement.
Mergers & Acquisitions
Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
