The Doncaster retirement village has had Aveo ejected as its manager by the courts. The village was a joint project between Darnley Homes and Retirement Services Australia (RSA). Darnleys have gone on alone to develop Domaine Mornington. The village had been managed by RSA since 2001 but RSA had on-sold its interest to a Aveo(FKP)/Macquarie Bank consortium without getting prior permission of their co-owners. The court has sanctioned the ejection of RSA/FKP from the village, now branded as Aveo.
Only in SATURDAY: why future proofing villages building to 9C pays
Building retirement villages to Class 9C standards can add up to 10% to the total cost of construction. But for a growing number of operators, the upgrade is no longer optional.