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Hot Topic Hawke’s Bay
General Business
3 mins to read

Arvida raising capital for $345m Arena acquisition

The listed aged care provider went into a trading halt this morning.

Andrew Bevin Fri, 15 Oct 2021

NZX-listed aged care provider Arvida went into trading halt this morning as it announced a significant capital raise to fund the $345 million acquisition of Arena Living.

Arena Living has six retirement villages in Auckland and Tauranga, including Peninsula Club, Mayfair Village, Knightsbridge

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Andrew Bevin Fri, 15 Oct 2021
Contact the Writer: andrew@nbr.co.nz
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Arvida cuts dividend to reinvest capital in greenfields pipeline
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