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Stockland has delivered a significant jump in real profit from its 69 retirement villages, moving from $40M to $48M in 12 months.
There is a remarkable similarity between Australia and New Zealand concerning the challenges for residents working out disputes with operators.
In 2009 Todd Pepper co-founded the manufactured home estate operator Gateway Lifestyle Group. With 50 per cent ownership he was rewarded with the stock exchange listing just nine weeks ago at $2.00. It raised $380 million.
Saga’s private equity owners merged the business with The AA (UK’s Automobile Association) to get access to The AA’s huge ageing membership of drivers.
In Britain, SAGA is an institution. A commercial business which acts like a not for profit, it dominates the travel and insurance markets for people aged 50+. Think NRMA on steroids. Its magazine prints 11.5 million copies.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.