The Aveo Group, together with Scape's student living and built to rent assets, will sit under the brand 'The Living Company'.

MinterEllison advised a syndicate of Mandated Lead Arrangers and Bookrunners on the provision of an acquisition and working capital facility to a Bidco ultimately owned by Scape and the National Pension Service of South Korea (NPS), in order to (amongst other things) assist Bidco with the acquisition. The transaction was underpinned by complex legal due diligence and enhanced structural flexibility to support the Aveo Group's future financing arrangements once acquired by Scape and NPS. This framework enables scalable capital deployment as Scape and NPS expand their footprint across Australia’s retirement living sector.

The team was led by Banking & Finance Partner Daniel Marks, with assistance from William Xu, Romni Ritherdon, Bala Dayaram and Caitlin Rigby.
Daniel Marks, Partner at MinterEllison, comments: “We’re proud to have supported on the financing of such a significant transaction in the Australian real estate market. This deal reflects the continued strength and evolution of the living sector, and we’re pleased to play a role in enabling its growth."