close
MENU
Investment
1 mins to read

Arvida takes insurers to court over flood claim

Retirement village operator says it has been cashflow neutral since November through higher sales and lower development activity.

Arvida's Parklane village in Auckland suffered flooding in January 2023.

Tim Hunter Fri, 05 Apr 2024

Retirement village operator Arvida has announced legal action with its insurers over a business interruption claim from flooding at one of its Auckland properties in January 2023.

In an update posted to the NZX, Arvida said it was filing court proceedings against QBE and IAG.

“The proceedings

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Fri, 05 Apr 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Arvida takes insurers to court over flood claim
Investment,
103500
true