Aveo Group is an Australian company, and a leading owner, operator and manager of over 90 retirement and aged care communities across Australia. The retirement communities are located in
Queensland
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, established_ ...
,
New South Wales
)
, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
, SA,
Victoria and
Tasmania
)
, nickname =
, image_map = Tasmania in Australia.svg
, map_caption = Location of Tasmania in AustraliaCoordinates:
, subdivision_type = Country
, subdi ...
, and as of 2021, Aveo provides senior living choices for over 12,000 residents.
The head office is located in
Sydney
Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...
, with corporate offices in
Brisbane
Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...
and
Melbourne
Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...
. Aveo is owned by Brookfield Asset Management.
In November 2019 shareholders approved a takeover offer by Brookfield Asset Management Inc. and Aveo is delisted from the ASX.
Brisbane's first integrated retirement living community, Aveo Newstead, won the Nettletontribe Award for Design Award at the 2018 Property Council's Retirement Living Awards.
In 2017, a class action was lodged against Aveo for its resident contracts involving unconscionable conduct and misleading conduct. The class action attracted publicity when the lead lawyer was accused of misleading the residents and the law firm running the class action was ordered to remove their ads promoting the class action. It was the first-ever case where an amicus was appointed over an opt-out notice. The court-appointed barrister advised clients not to join the class action.
Aveo vigorously fought the allegations.
References
External links
* {{Official, https://www.aveo.com.au/
Real estate companies of Australia
Brookfield Asset Management