Stockland Buts Buxton’s Rylands Retirement Villages

Published on

Dunlevy, M. ‘Stockland Goes After Old Money,’ The Australian, July 08, 2008.

Stockland has this week bought the Rylands retirement village business from the Buxton Group. The Rylands business includes two recently completed apartment-style villages made up of 149 ILUs situated in Kew and Hawthorn in Melbourne. Another Rylands property in Brighton is currently operated by AVEO. Stockland General Manager of Retirement Living Michael Eggington said the acquisition would accelerate the company’s presence in the medium density retirement living sector.