The largest retirement village operator has been looking to take on a partner to drive its future growth, putting up a 50 per cent stake in its village portfolio.

A Lendlease spokesperson said: “Lendlease is not currently looking to exit the Retirement Living sector.  As we have previously highlighted to the market, Lendlease is looking at the opportunity to introduce capital partners to drive the continued growth of the business.”

They are not short of offers, according to a recent story in The Australian, with American, Chinese and Singaporean companies all lining up to make a bid.

The winning partner will join Lendlease as they look to add more aged care facilities to their new and existing villages.

Lendlease was recently awarded 756 places in the latest Aged Care Approvals Round, which will allow the operator to expand the aged care facilities at a number of its stand-alone villages.