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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
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

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Tim Hunter Fri, 05 Apr 2024
Contact the Writer: thunter@nbr.co.nz
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Arvida takes insurers to court over flood claim
Investment,
103500
true