Private equity has been on a shopping spree for retirement living and aged-care assets in WA this year, but RAC’s surprise move in taking a 49.9 per cent stake in the St Ives Group this month has bucked the trend, and intensified the competition.
A MAJOR image revamp is in the works for the retirement village industry as developers and real estate agents try to dispel traditional stigmas of “old people’s homes”.
30 Oct 2001
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