SUBSCRIBERS
Blackstone plans factory homes for Aussie retirees
Published 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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended