Aveo Group Limited
(ASX:AOG) has acquired the interests of a further 11 investors in the Retirement Villages Group, giving Aveo a 73 per cent interest in RVG.
Only one investor remains in RVG, holding the balance of 27 per cent.
The acquisition is part of Aveo’s broader strategy of acquiring all outstanding fractional interests across its entire retirement portfolio.
RVG is a wholesale investment fund managed by Aveo and its portfolio consists of 28 retirement villages predominantly in Sydney and Melbourne.
Aveo Group reported a net profit of $66 million at 31 December 2015.
