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Arvida Group Limited — Capital/Financing Update 2017
Oct 13, 2017
66157_rns_2017-10-13_d258a49b-a467-4f0e-852a-1cf083d7c0d5.pdf
Capital/Financing Update
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Arvida Group Limited (ARV) Market Release
13 OCTOBER 2017
ARVIDA COMPLETES ACQUISITIONS
On 12 September 2017, Arvida Group Limited (Arvida) announced it had entered into agreements to purchase Mary Doyle Lifecare, Strathallan Lifecare and 50% of Village at the Park Lifecare for approximately $106m. Arvida this afternoon confirms that it has completed settlement of the acquisitions.
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For more information contact:
Bill McDonald, Chief Executive Officer, Arvida Group Limited Telephone: 021-270-3669 or email: [email protected]
Jeremy Nicoll, Chief Financial Officer, Arvida Group Limited Telephone: 021-403-665 or email: [email protected]
About Arvida:
Arvida Group Limited (Arvida) is a retirement village group with an emphasis on providing a continuum of care from independent living through to high quality aged care services. Arvida has 29 villages across New Zealand comprising: Aria Bay, Aria Gardens and Aria Park, Auckland; Copper Crest and Bethlehem Views, Tauranga; Cascades, Hamilton; Lauriston Park, Cambridge; Glenbrae, Rotorua; Molly Ryan, New Plymouth; Mary Doyle, Havelock North; Lansdowne Park, Masterton; Olive Tree, Palmerston North; Waikanae Lodge, Waikanae; Village at the Park, Wellington; Oakwoods and The Wood, Nelson; Ashwood, Blenheim; Ilam, The Maples, Mayfair, Park Lane, Rhodes on Cashmere, St Albans, St Allisa and Wendover, Christchurch; Bainlea House, Bainswood House and Bainswood on Victoria, Rangiora; and Strathallan, Timaru. Arvida’s shares trade on the NZX Main Board under the code ARV. See www.arvida.co.nz
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