Aveo CEO Geoff Grady (pictured) has negotiated the sale of its last joint-venture in its non-retirement village portfolio, disposing for $56M its share of a major residential land bank at Mulgoa near Penrith (in Sydney).
Grady states they intend being a pure retirement developer and operator, including the delivery of “increased levels of care” into their 73 communities. Aveo states it is assessing high-profile sites at the Norwest Business Park (Sydney) and Sanctuary Cove (Gold Coast) with the intention of creating “major new retirement hubs”.
Grady will review his vision of the future of retirement villages as a speaker at the LEADERS SUMMIT next month in Sydney.