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Core-plus infrastructure investor Palisade Impact’s Steve Gross and Jeremy Wernert see retirement living as a key thematic for the firm. And they are travelling back in time to partner with a sector stalwart for its latest bet.

Street Talk can reveal Palisade Impact has agreed terms to set up a $300 million retirement living platform with the family-owned Zig Inge Group, whose deceased founder is credited with pioneering retirement living assets starting in 1979.

The platform, dubbed IPLiving, will hold an initial portfolio of 372 homes and 445 residents within the Prospect Hill, Pinetree and Richfield communities in Victoria owned by Zig Inge Group. Zig’s son Peter Inge will serve as IPLiving’s executive chair.

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Auckland’s largest self-storage owner-operator with 13 sites in its portfolio is set to change hands in 2025.

Street Talk understands National Mini Storage has tapped KPMG’s M&A team in New Zealand to kick off a sale process in the new year as its owner looks for the exit.

A rally in technology and consumer discretionary stocks pushed the Australian sharemarket higher on Thursday after Wall Street notched its 56th record high this year.

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