Aevum acquires Perth village

Aevum spends $5.75 million to buy a Perth retirement village from the Multiple Sclerosis Society.

According to WA Business News, Retirement village operator Aevum has paid $5.75 million for the River Villages situated 9 kilometres from Perth’s CBD.

The 67-unit retirement village was acquired from the Multiple Sclerosis Society which had been building on the site over 14 years.

Aevum CEO Simon Owen said River Villages is a low-cost entry point into the Perth market, where the company owns another three retirement homes.

Aevum posted a 72 per cent increase in annual profit last month, which it credited in part to its Western Australian expansion

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