AEVUM has further expanded its retirement business in New South Wales North Coast with the purchase of the Camden View Village for $4.75 million.
Located 30 minutes south of Port Macquarie in the coastal town of
The acquisition will be funded through existing cash reserves and committed debt facilities and is immediately earnings accretive. Settlement is scheduled for late June 2007.
Following recent acquisitions and including the
Aevum also has development consent for expansion and redevelopment of 169 ILU’s at existing villages including 36 recently approved at the Cardinal Freeman village in Ashfield, Sydney.
Aevum’s chief executive Simon Owen said the acquisition entrenches Aevum as the largest for profit retirement living provider in NSW.
Australian Property Journal
