Latest news with #StephenGaitanos'
AU Financial Review
24-06-2025
- Business
- AU Financial Review
Scape signs biggest-ever direct real estate deal; buys Aveo for $3.85b
Craig Carracher and Stephen Gaitanos' Scape will sign a company-transforming deal to buy Brookfield-owned retirement living operator Aveo on Tuesday, marking one of Australia's largest-ever direct real estate transaction. Street Talk can reveal Scape, and co-investor South Korea's National Pension Service, have agreed to pay $3.85 billion on an enterprise valuation basis. As part of the deal, Scape will bring all its assets – including student living, build-to-rent and retirement living – under the combined brand The Living Company.
AU Financial Review
24-06-2025
- Business
- AU Financial Review
Scape to pay $3.7b for retirement living biz Aveo; NPS to-co-invest
Craig Carracher and Stephen Gaitanos' Scape will sign a company-transforming deal to buy Brookfield-owned retirement living operator Aveo on Tuesday, marking Australia's largest-ever direct real estate transaction. Street Talk can reveal Scape, and co-investor South Korea's National Pension Service, have agreed to pay between $3.7 billion and $3.8 billion on an enterprise valuation basis. As part of the deal, Scape will bring all its assets – including student living, build-to-rent and retirement living – under the combined brand The Living Company.
