Macquarie looking at resthomes?
Wednesday, July 6th 2005, 7:12PM
A couple of interesting bits of news around the place seem to point to the likelihood that Macquarie will get into the rest home business.
Macquarie has established a retirement village company, Retirement Care (NZ) Ltd on June 30. The company's shareholder is Macquarie International Investments Pty Ltd
In the Herald the other day there was as story about church and religious groups selling their rest homes in Auckland. The new ownership of some, but not all, was accounted for.
Maybe Macquarie is the buyer?
Don't be surprised to see the company launch a listed retirement village company.
Looking at how some of the other listed players have gone recently it isn't a bad business to be in.
Macquarie are not the only big player getting into this area - as reported earlier - AMP have become involved through Vision Senior Living.
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