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Aveo Announces Acquisition of Freedom Settles

Australia’s leading owner, operator and manager of retirement communities, Aveo Group Limited (ASX:AOG) is today pleased to announce that it has settled its acquisition of 100% of Freedom Aged Care Pty Ltd (Freedom).
 
As announced yesterday, Freedom owns and operates more than 1,000 units in 15 retirement communities across Australia in Queensland, NSW, Victoria and Tasmania, as well as a development pipeline of 533 units. The development pipeline includes 387 units in five of the 15 existing villages and a 146 unit site for an additional new village on the Sunshine Coast in Queensland.
 
 
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