Stockland inks aged care deal

Property group will sell four aged care facilities to Opal for $26.5m under new partnership.

Stockland (SGP) has entered into a strategic partnership with Opal Aged Care to provide aged care services at a number of Stockland Retirement Villages.

Under the partnership agreement, Stockland will sell four of its aged care facilities to Opal for $25.6 million, which includes $4.5m of deferred payments.

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