RetireAustralia not listing on the stock exchange

The Australian newspaper last week tipped that RetireAustralia, our largest private village operator with 27 villages and approximately 3500 ILUs, is planning to list on the stock exchange in the next 2 months for about $400M. Founding director Tim Russell has told us that is not the case – there are no immediate plans. Instead they are concentrating on growth and acquisitions to consolidate their position.