Aware Super to Acquire 25% Interest in Lendlease Retirement Living Business
Posted on 02/19/2021
Aware Super was previously known as First State Super. Aware Super had entered into an agreement to acquire a 25% interest in Lendlease Group’s Retirement Living business. The stake is estimated to be worth around A$ 460 million. Its portfolio comprises 75 retirement villages that are home to more than 16,000 residents across Australia. Lendlease is one of Australia’s largest owners, operators, and developers of retirement villages. Lendlease will hold a 50% interest in the Retirement Living business with Dutch pension asset manager, APG Asset Management, and Aware Super each holding a 25% interest.