Arvida Divests Village

Arvida Group Limited (NZX: ARV) has entered into a conditional agreement to sell its Strathallan village located in Timaru for a sale price of $30.0m. The transaction is subject to customary approvals being obtained. Arvida anticipates completion of the transaction to occur at the end of April 2024 or shortly thereafter.

The sale price represents a 3% discount to valuation.

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For more information, please contact:
Briar Malpas, General Counsel and Company Secretary, Arvida Group Limited
Email: [email protected]