In a few short weeks Stockland has successfully raised up to $1.98 billion through new stock issues. This gives them the funds to carry through with the acquisition of the Aveo village business from FKP, which has been on the cards since August last year. They have not formally signal their intentions but retain their seat on the FKP board.
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...
