The Victorian Government has secured the former St Vincent's Boys Home in South Melbourne at a discounted price, rumoured to be less than half the land's current commercial value. The land has been earmarked for a new aged care facility. The site is expected to be developed into a combination of ILU's and low and high care beds.
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...