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Aveo is continuing its expansion with a new medium-rise development at Bella Vista, 33km from the Sydney CBD.
Following last week’s report that US operator of mobile park homes, Hometown America, was looking at a purchase of WA’s National Lifestyle Villages income assets, this week it is understood the Singapore government’s sovereign wealth fund GIC is also checking out National Lifestyle villages.
Delivering a further shock to the Estia board, its CEO Paul Gregersen resigned last week, effective immediately but agreeing to be available as a consultant.
The developer MichaelKris Real Estate wants to build the complex, which includes a three-storey retirement village with a private hospital, penthouse apartments and car lifts, in Thorngate, 4km north of the CBD.
The Australian Taxation Office has won the latest round in the ongoing fight over whether retirement village developers can claim back the GST on development costs, as they do for residential housing.
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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.
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