- Release Date: 06/07/15 11:09
- Summary: ASSET: ARV: Acquisition of Aria Villages Complete
- Price Sensitive: No
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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
Ann: ASSET: ARV: Acquisition of Aria Villages Complete
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