Perth based MHE pioneer John Wood has attracted huge US private equity investor National Lifestyle Villages as a funding partner for his 10 MHE village with 1800 homes.
Blackstone will invest $150 million to support a planned expansion of 1,300 homes over the next few years. This is likely to be in the eastern states as national lifestyle villages have covered the WA market with their brand being close to being synonymous with manufactured home estates.
Living Choice opens the doors of $120M Adelaide vertical prestige village
Graham Hobbs and Ian Tregoning, partners in lifestyle retirement village operator Living Choice, have opened their tenth village at Fullerton in Adelaide, their first development in their home town.
With 140 apartments the luxury development project is valued at $120M+. 28 apartments were occupied in the first week and all up 50% are sold. With the project now complete the significant enquiry is expected to convert to rapid sales.
(Photographed: first residents check in).
Government Policy
The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care
The Federal Government is seeking to set minimum liquidity requirements for residential aged care providers for the first time – dangerous territory for a sector that has finally reached a level of financial and regulatory certainty. Previously...