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Hot Topic Summer features
Property
2 mins to read

Promisia taps market to help fund $33m Central Otago purchase

Capital raise will supplement debt finance offer from BNZ for Cromwell lifestyle villages.

Golden View, Cromwell.

NBR Staff Tue, 25 Jun 2024

Promisia Healthcare says it’s received a debt finance offer of $7.5 million from the Bank of New Zealand to support its purchase of Cromwell’s Golden View and Ripponburn Lifestyle villages.

That’s about a quarter of the estimated $33m purchase price for a deal that could bring 137 apartments

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NBR Staff Tue, 25 Jun 2024
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Promisia taps market to help fund $33m Central Otago purchase
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