Latest news with #TheLivingCompany
Time of India
5 hours ago
- Business
- Time of India
Brookfield to sell Australian senior housing platform Aveo for $2.5 billion
BENGALURU: Brookfield Asset Management will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said on Thursday. Aveo owns a portfolio of more than 10,000 units located across Queensland, Victoria, New South Wales and Tasmania. Since acquiring Aveo in 2019 for an equity value of about A$1.27 billion, Brookfield simplified the platform's customer contracts and invested more than A$500 million across the business. "Aveo is a prime example of the operations-led turnaround investing that we excel at," said Lowell Baron, Brookfield Real Estate CEO, and added the company plans to invest further in the living sector across Asia Pacific due to favorable market dynamics. The Living Company is the parent of Scape Australia , the country's largest student accommodation owner and operator. The deal is expected to be completed in the third quarter of 2025.
Yahoo
12 hours ago
- Business
- Yahoo
TSX futures edge up as Israel-Iran ceasefire holds
(Reuters) -Futures for Canada's main stock index nudged higher on Thursday, aided by signs that the Israel-Iran ceasefire appeared to be holding. Futures on the S&P/TSX index were up 0.4% at 06:07 ET (1007 GMT), mirroring the moves of its Wall Street peers. Investors have been soothed by a ceasefire between Israel-Iran. U.S. President Donald Trump said on Wednesday he would likely seek a commitment from Iran to end its nuclear ambitions at talks next week. Toronto's commodity-heavy S&P/TSX composite index pulled back on Wednesday from a record high, as the market cooled. The index has been shielded from some of the volatility that has impacted Wall Street this year due to a heavy weighting in gold stocks, which tend to benefit from safe-haven demand. Meanwhile, Trump on Wednesday called Federal Reserve Chair Jerome Powell "terrible" and said he has three or four people in mind as contenders for the top job. The Wall Street Journal reported that Trump may replace Powell as early as September or October. Oil prices, steadied, while safe-haven gold edged higher on a weaker U.S. dollar. Meanwhile, copper prices jumped to their highest in nearly three months on Thursday. [O/R] [GOL/] [MET/L] In company news, Brookfield Asset Management said it would sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion). FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
18 hours ago
- Business
- Reuters
Brookfield to sell Australian senior housing platform Aveo for $2.5 billion
June 26 (Reuters) - Brookfield Asset Management ( opens new tab will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said on Thursday. Aveo owns a portfolio of more than 10,000 units located across Queensland, Victoria, New South Wales and Tasmania. Since acquiring Aveo in 2019, Brookfield simplified the platform's customer contracts and invested more than A$500 million across the business. "Given the favourable market dynamics that underpin the continued growth of the living sector, we will look to invest further capital in living across Asia Pacific," Lowell Baron, Brookfield Real Estate CEO, said in a statement. ($1 = 1.5330 Australian dollars)
Yahoo
18 hours ago
- Business
- Yahoo
Brookfield to sell Australian senior housing platform Aveo for $2.5 billion
(Reuters) -Brookfield Asset Management will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said on Thursday. Aveo owns a portfolio of more than 10,000 units located across Queensland, Victoria, New South Wales and Tasmania. Since acquiring Aveo in 2019, Brookfield simplified the platform's customer contracts and invested more than A$500 million across the business. "Given the favourable market dynamics that underpin the continued growth of the living sector, we will look to invest further capital in living across Asia Pacific," Lowell Baron, Brookfield Real Estate CEO, said in a statement. ($1 = 1.5330 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
