The incoming Stockland Chairman, Tom Pockett, last week clarified that the company is “very comfortable” with the retirement sector and will continue to invest in it. He said the talk about partnering (with a financial investor) had not gone away but it was important to find the right partner.

He is referring to discussion last September (2015) in the press that Stockland may be happy to sell 50% of the village business to release funds to invest in its other businesses where the returns are greater.

Image credit: Australian Financial Review.