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