SUBSCRIBERS
Blackstone plans factory homes for Aussie retirees
Add BT as a preferred sourcePublished Tue, Nov 25, 2014 · 09:50 PM
Sydney
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.
Share with us your feedback on BT's products and services
