Aveo Group
Australian retirement living owner, operator and manager serving communities across the eastern coast of Australia.
Last updated August 31, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Aveo Group is an Australian retirement living business that owns, operates and manages retirement communities primarily along the country's eastern seaboard. Its communities are located in Queensland, New South Wales, Victoria and Tasmania, and the group serves more than 10,000 residents across a portfolio of 67 communities according to the referenced Wikipedia account. Aveo's business is centered on retirement living rather than conventional residential development alone: it provides purpose-designed accommodation and associated community services for older Australians seeking an organized residential setting, social facilities and varying levels of support. The business was established in 1970 and developed into one of Australia's substantial retirement community operators. Its activities have included ownership and management of retirement villages and integrated retirement living developments. Aveo Newstead in Brisbane illustrates the group's development approach. The project was described as Brisbane's first integrated retirement living community and received the Nettletontribe Award for Design at the 2018 Property Council's Retirement Living Awards. This recognition reflected the importance of built environment, planning and design in Aveo's offering, alongside the operational management of resident communities. Aveo became a public-market company before undergoing a major ownership transition. In November 2019, shareholders approved a takeover offer valued at approximately A$1.3 billion from Brookfield Asset Management, after which Aveo was delisted from the ASX. The transaction moved the business from listed-company ownership into private ownership. In 2025, Aveo was purchased by Scape Australia, which was subsequently renamed The Living Company, in a transaction reported at A$3.85 billion. The acquisition placed Aveo within a broader living-sector ownership structure. The group has also been associated with a significant legal dispute concerning resident contracts. A class action filed in 2017 alleged that aspects of Aveo's resident agreements involved unconscionable and misleading conduct. Aveo contested the allegations. The proceedings attracted additional controversy over the promotion and administration of the case, including court scrutiny of the conduct of the law firm involved. The matter was settled in March 2023 with an $11 million payment by Aveo and no admission of liability. Statements released in connection with the settlement characterized the relevant Aveo Way contracts as lawful and consistent with industry standards. Subsequent Federal Court comments criticized the conduct of the plaintiff-side lawyers and assessed the underlying case as weak, while also reducing the amount of legal fees recoverable from the settlement. Aveo's brand position is therefore based on retirement community living at scale, combining accommodation, community management and resident-oriented services. Its geographic concentration in Australia's eastern states gives it a distinctly domestic operating footprint. Following its 2019 delisting and reported 2025 acquisition, the company is best understood as a privately owned retirement living operator rather than an ASX-listed public company. Detailed current information about its individual communities, service packages, leadership and corporate website is not established in the supplied reference material.
History
Aveo Group was established in Australia in 1970 and grew as a specialist retirement living business. Its core activity became the ownership, operation and management of retirement communities designed for older Australians. Rather than operating only as a property developer, Aveo combined real estate ownership with ongoing community management and resident services. The group expanded its presence across Queensland, New South Wales, Victoria and Tasmania, concentrating its portfolio on the eastern coast of Australia. Aveo's communities were developed in a range of formats, including retirement villages and larger integrated projects. The group's operating model placed importance on the physical design of communities, shared facilities and the day-to-day management of resident environments. Aveo Newstead in Brisbane was presented as Brisbane's first integrated retirement living community and later received the Nettletontribe Award for Design at the 2018 Property Council's Retirement Living Awards. The recognition indicated the role that architecture and urban integration played in the group's development proposition. By the late 2010s, Aveo had become a significant operator in the Australian retirement living sector. Its expansion and contract model also drew public and legal scrutiny. In 2017, a class action was commenced alleging that resident contracts involved unconscionable and misleading conduct. Aveo strongly defended the allegations. The litigation became contentious not only because of the claims against the contracts, but also because of disputes concerning the way the proposed class action was promoted and administered. The court appointed a Contradictor, a role comparable in some respects to an intervenor or amicus, in relation to the opt-out notice. The appointed barrister advised clients not to join the proceeding. The law firm involved was also ordered to remove advertising promoting the action. The class action concluded in March 2023 through an $11 million settlement paid by Aveo without an admission of liability. A statement issued by the plaintiff-side law firm withdrew the case and described Aveo's Aveo Way contracts as lawful and consistent with industry standards, while expressing regret for distress or anxiety experienced by residents and staff in connection with the litigation. Federal Court Justice Bernard Murphy later made strong criticisms of the lawyers' handling of the matter, describing it as seriously deficient and reducing the legal fees recoverable from the settlement by $2.5 million. His comments also indicated that the underlying plaintiffs' case was weak and unlikely to succeed. These findings concerned the conduct and management of the litigation and did not constitute an admission of wrongdoing by Aveo. Aveo underwent a major corporate change in 2019. In November of that year, shareholders approved a takeover offer from Brookfield Asset Management reported at approximately A$1.3 billion. The transaction led to Aveo's delisting from the Australian Securities Exchange and ended its status as a listed company. The company continued operating as a retirement living business under private ownership. In 2025, Scape Australia purchased Aveo in a transaction reported at A$3.85 billion. Scape Australia was subsequently renamed The Living Company, which became Aveo's parent or owner. The acquisition marked another significant change in the group's ownership and placed Aveo within a broader platform associated with living-sector assets. Based on the supplied reference, Aveo operates or manages 67 retirement communities and provides retirement living choices to more than 10,000 residents. Its corporate offices are located in Sydney, Brisbane and Melbourne, while its communities extend across Queensland, New South Wales, Victoria and Tasmania. Aveo's historical identity is consequently defined by three elements: long-term participation in Australian retirement living, a large eastern-coast community portfolio, and a transition from listed ownership to private ownership through successive acquisitions. Current information about its executive team, individual community-level offerings and detailed operating performance is not established in the available material.
- 2025
Aveo is acquired by Scape Australia
[1]Scape Australia purchases Aveo in a transaction reported at A$3.85 billion and later adopts The Living Company name.
- 2023
Class action settles
[1]Aveo agrees to an $11 million settlement payment without admitting liability, ending the contract-related class action.
- 2019
Brookfield takeover completes and Aveo is delisted
[1]Shareholders approve a reported A$1.3 billion Brookfield Asset Management takeover, after which Aveo leaves the ASX.
- 2018
Aveo Newstead wins retirement living design recognition
[1]Aveo Newstead receives the Nettletontribe Award for Design at the Property Council's Retirement Living Awards.
- 2017
Class action is filed over resident contracts
[1]A class action is lodged alleging that aspects of Aveo's resident contracts involved unconscionable and misleading conduct.
- 1970
Aveo is established
[1]Aveo begins operations in Australia and later develops into a retirement community owner, operator and manager.
Products and positioning
A large Australian retirement living operator focused on owning, operating and managing purpose-built communities for older residents, with an emphasis on community environments, integrated facilities and lifestyle-oriented retirement accommodation.
Retirement living
Retirement communities
Aveo's principal offering is a network of retirement communities located across Queensland, New South Wales, Victoria and Tasmania. These communities provide purpose-built housing and shared environments for older residents, with the group acting as owner, operator or manager depending on the community. The portfolio is described in the reference material as comprising 67 communities serving more than 10,000 residents.
Retirement living development
Integrated retirement living communities
Integrated retirement living communities combine residential accommodation with communal facilities and managed lifestyle environments. Aveo Newstead in Brisbane is an identified example and was described as Brisbane's first integrated retirement living community. The format reflects Aveo's emphasis on community design, resident interaction and professionally managed retirement settings.
Retirement community services
Resident community and lifestyle services
In addition to providing retirement accommodation, Aveo manages the ongoing operation of its communities and the resident experience. The available reference does not provide a complete service catalogue, but the operating model includes community management and associated lifestyle-oriented services delivered within retirement living environments.
Controversies
2017
Aveo resident-contract class action
A class action alleged that Aveo resident contracts involved unconscionable and misleading conduct. Aveo contested the allegations. The case attracted further controversy over advertising and the conduct of the plaintiff-side legal representatives, including court-ordered removal of promotional material and later criticism by Federal Court Justice Bernard Murphy. The proceeding settled in March 2023 for $11 million without an admission of liability by Aveo.
Brand decisions
2025
Acquire Aveo through Scape AustraliaM&ABackground
Aveo was operating as a privately owned retirement living group following its 2019 Brookfield-backed delisting.
Action taken
Scape Australia purchased Aveo in a transaction reported at A$3.85 billion and later changed its name to The Living Company.
Aftermath
The Living Company became Aveo's owner or parent group.
Reported acquisition value. A$3.85 billion (2025)
2023
Settle resident-contract class actionOtherBackground
A class action filed in 2017 challenged aspects of Aveo's resident contracts and alleged unconscionable and misleading conduct.
Action taken
Aveo agreed to pay $11 million to settle the proceeding without admitting liability.
Aftermath
The case was withdrawn. Subsequent Federal Court criticism focused on the plaintiff-side lawyers' conduct and reduced the fees recoverable from the settlement.
Settlement payment. $11 million (March 2023)
2019
Accept Brookfield takeoverM&ABackground
Aveo was a listed Australian retirement living company when Brookfield Asset Management made a reported A$1.3 billion takeover offer.
Action taken
Shareholders approved the transaction in November 2019, leading to Aveo's delisting from the ASX.
Aftermath
Aveo continued as a privately owned retirement living operator rather than an ASX-listed company.
Reported takeover value. A$1.3 billion (November 2019)
Recent events
- 2025
Scape Australia acquires Aveo and later adopts The Living Company name[1]
M&A · Leadership change
Aveo was reported as having been purchased by Scape Australia for A$3.85 billion. Scape Australia was later renamed The Living Company, which became Aveo's owner.
- 2019
Shareholders approve Brookfield takeover and Aveo delists from the ASX[1]
M&A · Other
Aveo shareholders approved Brookfield Asset Management's reported A$1.3 billion takeover offer in November 2019. The transaction resulted in Aveo leaving the Australian Securities Exchange and becoming privately owned.
- 2018
Aveo Newstead receives a national retirement living design award[1]
Other
Aveo Newstead in Brisbane was recognized with the Nettletontribe Award for Design at the Property Council's Retirement Living Awards.
Sources1 sources
Cite this profile: Cite the canonical profile. /brand-wiki/aveo-group · Editorial policy · How profiles are compiled