Sydney-based investor Rob Nichols has teamed up with Singapore-based investment fund GIC to buy the assets of Perth company National Lifestyle Villages following a review led by Sirona Capital director Kelvin Flynn, who has run NLV since October last year.
Fleetwood Corporation has boosted its manufactured housing portfolio after facing pressure from activist investor and substantial shareholder Sandon Capital Investments to bolster its performance.
Perth-based residential rentals-dedicated website rent.com.au is going public, unveiling a $10 million-plus plan to list on the Australian Securities Exchange via a backdoor listing through Select
National Lifestyle Villages is planning a major expansion after signing an innovative $150 million partnership deal with Blackstone, the second international private equity group to back the Perth business.
The average age of the residents in standard retirement villages in Australia is 79 years, but at National Lifestyle Villages the residents' average age is 59 years.