Both Stockland and Lend Lease are approaching existing residents with the proposal to set aside existing contracts for new versions. Stockland is understood to be offering to replace the old ARC strata contracts with a new lease licence while Lend Lease is trialling a standard contract that will reduce the cobweb of terms across its 70 villages.
In the Headlines
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...
