Aware Super Pty Ltd agreed to acquire 25% stake in Lendlease Retirement Living business on February 19, 2021. The Group will sell the units at book value which is estimated to be AUD 458 million. Aware Super will acquire its 25 % interest in the Retirement Living business at book value. Its portfolio comprises 75 retirement villages that are home to more than 16,000 residents across Australia. The Aware Super acquisition includes ownership of the retirement village portfolio and its associated operating platform, as well as its development capabilities and associated pipeline. The Retirement Living business will continue to operate under the Lendlease brand and the network of retirement villages will continue to be managed by Retirement Living. Post acquisition Lendlease Group will hold a 50% interest in the Retirement Living business with Dutch pension asset manager, APG Asset Management, and Aware Super each holding a 25%.