Street Talk

American investment giant on the home straight at RetireAustralia

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 7, 2025 – 1.13pm

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Invesco is in advanced discussions to acquire RetireAustralia, owner of 29 retirement communities in NSW, Queensland and South Australia.

Just weeks after Scape Australia annihilated the competition with its $3.85 billion Aveo bid – and, less positively, as newly listed land-lease property developer GemLife flounders on the ASX – the global investment management giant is frontrunner for the asset, according to people briefed on the matter who requested anonymity to speak more freely.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.