Infratil takes haircut in A$845m RetireAustralia sale to Invesco

Infratil chief executive Jason Boyes says it's increasingly difficult for an investment of RetireAustralia's size to deliver meaningful returns for Infratil shareholders. (Image: Supplied)

Staff reporters

Fri, 08 Aug 2025

Infratil and the New Zealand Super Fund are selling retirement village operator RetireAustralia to Invesco Real Estate for A$845 million (NZ$924m).Since 2014, RetireAustralia has been jointly held by Infratil and NZ Super, each holding a 50% stake managed by global infrastructure investment manager Morrison.The buyer is the property arm of S&P 500 giant Invesco, which has about US$1.8 trillion (NZ$3t) worth of assets under management.HaircutInfratil said it was expected to make a loss on the sale of about $80m, but it was increasingly diffi...

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