20.09.2016 - GIC looks to buy Blackstone's Australian retirement village owner
GIC is believed to be looking to acquire an Australian retirement village owner, National Lifestyle Villages, owned by Blackstone. Singapore’s sovereign wealth fund is understood to be attracted by the asset’s steady income stream, estimated at about AUD200m (€135m) annually. GIC recently purchased Yes Communities in the US for $2bn (€1.8bn). The investor is expected to run into a number of competitors interested in Australia’s growing yet highly fragmented retirement living sector..............................................Full Article: Source
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