In its Half Yearly report Stockland also states it has perpetual first right of refusal over retirement living assets of FKP [being Aveo] - a most unusual and advantageous position to be in. They own 14.9% of Aveo parent FKP. Their shareholding in Aevum has also been diluted from 13.9% to 10.1% after Aevum merged with IOR utilizing a script issue.
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...