Blackstone plans factory homes for Aussie retirees
Add BT as a preferred sourceSydney
BLACKSTONE Group LP, the biggest landlord of single-family homes in the US, is entering the factory-built housing market for retirees in Australia to tap an ageing population as traditional home prices soar.
Blackstone agreed to invest A$150 million (S$167 million) in National Lifestyle Villages Pty, which develops manufactured retirement communities, the Perth, Western Australia-based company said in a statement on Tuesday.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
In a world of long-drawn crises, ‘wait and see’ may be a decreasingly tenable stance
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The returnees: Inside China’s AI talent reversal
