The Stockland Annual Investor briefing shows that Stockland now holds $2.5 billion in operating villages plus $253 million in villages under development. Over the past 12 months they have spent another $30 million in village purchases. After resident obligations (deduction of the value of lease funds) the net investment by Stockland is $1.13 billion.
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...