Brief: Arvida To Acquire Arena Living Retirement Living Portfolio

Arvida

15/10/2021 02:33

Oct 15 (Reuters) - Arvida Group Ltd  ARV.NZ :
    * ARVIDA GROUP LTD - ARVIDA TO ACQUIRE ARENA LIVING RETIREMENT LIVING
PORTFOLIO
    * ARVIDA GROUP -  AGREEMENT TO PURCHASE ARENA LIVING PORTFOLIO FOR NZ$345
MILLION
SIX RETIREMENT VILLAGES LOCATED IN PRIME AUCKLAND AND TAURANGA LOCATIONS
    * ARVIDA GROUP LTD -  ACQUISITION IS EXPECTED TO ADD NZ$32-34 MILLION OF
UNDERLYING PROFIT IN FY22 ON A PRO FORMA BASIS
    * ARVIDA GROUP - CONSIDERATION FOR ACQUISITION AND TRANSACTION COSTS IS TO
BE
FUNDED THROUGH A COMBINATION OF NEW EQUITY AND DEBT

Source text for Eikon:  ID: 
Further company coverage:  ARV.NZ 

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