Zig and Peter Inge used just $8.42M of their approx. $630M they receive when they sold their 19 village portfolio to RVG in late 2007 to purchase a 5,200sqm site in Richmond, near the Yarra River. They have now dumped plans to develop it themselves and are selling, seeking $13M, having won building approval for 189 apartments, 19 townhouses and 850sqm of commercial space.
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...