Zig Inge back into development

Mar 02 2009 Updated July 4, 2023

The Weekly Source

1 min read

In November 2007 the grandfather of the modern retirement village industry, Melbournes Mr. Zig Inge, sold his 17 villages and 8 development sites at the top of the market for $641 million to Macquarie Banks Retirement Villages Group (part owned by FKP/Aveo). Because of the sale he cant build villages for some time (he is also in his late 70s) so now his group has purchased for $15m the famous Baillieu mansion in Toorak for a residential development.

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