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The aveo sale process follows the news investment bank jefferies is seeking a buyer for retirement village operator retireaustralia, which earlier had been for sale through jarden and e&p corporate advisory for over $1 billion before owners infratil and nz super pulled it off the market. The 23 hectare site was sold for $44 million including land for further development. Brookfield asset management, a leading global alternative asset manager, has agreed to sell its retirement living operator, aveo, to the living company, the new name of scape australia, for a$3.85 billion in what will be the largest ever direct real estate transaction in australia.

Aveo to sell off its retirement villages in south australia and tasmania tony randello, ceo of the nation's leading retirement village provider, said the impending sale of its 16 retirement villages in south australia and tasmania aligns with aveo’s regular strategic review of opportunities across its portfolio “the decision to close the tanah merah retirement village follows a gradual decline in occupancy. Aveo, owned by canadian brookfield asset management, has entered into an agreement to sell five regional retirement communities in nsw, victoria and queensland to jamie sterland and braden johnson's teman communities, who became a national operator after buying five settlers villages in 2020.

The australian financial review, quoting sources, claims four companies want to buy the leading retirement village operator aveo group owned by brookfield, stating the leading student accommodation developer scape australia is through to the second round of the possible $3.5 billion auction.

Aveo group’s retirement village, a former freedom community once known as tree tops, in loganholme, 30km south of brisbane, is for sale

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