Arvida Group Limited (NZX.ARV) advises the weather event that occurred on Friday 27 January 2023 in Auckland resulted in serious flooding occurring in part of its Parklane retirement community.

None of Arvida’s other Auckland retirement communities were impacted to any significant extent.

Affected Parklane residents were evacuated from their homes on Friday night and successfully relocated to temporary accommodation.

The flood damage to affected villas, apartments and the clubhouse is currently being assessed.

Arvida confirms comprehensive insurance cover is in place.

Arvida would like to acknowledge and thank the wider Arvida team for mobilising throughout the weekend to support residents.

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