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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

Arvida raising funds to buy three villages

Tauranga and Queenstown villages will add 326 independent living units to Avida's portfolio.

Andrew Bevin Tue, 25 Jun 2019

NZX-listed aged care operator Arvida is acquiring a $180 million village portfolio made up of two Tauranga villages and a Queenstown village, largely funded through a rights issue.

The portfolio adds 326 independent living units to Arvida’s existing portfolio of 3677 units and beds. Brownfield

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Andrew Bevin Tue, 25 Jun 2019
Contact the Writer: andrew@nbr.co.nz
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Arvida raising funds to buy three villages
Investment,Property,
79836
true