ARV
06/07/2015 11:09
ASSET
PRICE SENSITIVE
REL: 1109 HRS Arvida Group Limited (NS)
ASSET: ARV: Acquisition of Aria Villages Complete
Arvida Group Limited (NZX:ARV) is pleased to announce the completion of the
settlement process for the acquisition of Aria Bay, Aria Park and Aria
Gardens (collectively, "Aria Villages") for approximately $62 million. The
Aria Villages comprise three high quality retirement villages and aged care
facilities situated in premium locations across Auckland that provide
retirement services to around 350 residents.
- ENDS -
Contact:
Bill McDonald, Chief Executive Officer, Arvida Group Limited, Tel +64 21 270
3669, email: [email protected]
Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited, Tel: +64 21 403
665, email: [email protected]
About Arvida:
Arvida Group Limited (Arvida) is a differentiated aged care business with an
emphasis on providing a continuum of care from independent living through to
high quality aged care and wellness services. Arvida has 21 villages across
New Zealand comprising: Aria Bay, Aria Park and Aria Gardens, Auckland;
Glenbrae, Bay of Plenty; Molly Ryan, New Plymouth; Olive Tree, Palmerston
North; Waikanae Lodge, Waikanae; Oakwoods and The Wood, Nelson; Ashwood,
Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St
Albans, St Allisa and Wendover, Christchurch; and Bainlea House, Bainswood
House and Bainswood on Victoria, Rangiora. Arvida's shares trade on the NZX
Main Board under the code ARV. See www.arvida.co.nz
End CA:00266654 For:ARV Type:ASSET Time:2015-07-06 11:09:01
