Sponsored by
mansons TCLM

Arvida's $345m purchase a sharp deal with development opportunities

Jenny Ruth
Tue, 19 Oct 2021

Arvida's $345m purchase a sharp deal with development opportunities
Chief executive Jeremy Nicoll didn't want to leverage up. (Photo: supplied)
Jenny Ruth
Tue, 19 Oct 2021
Arvida appears to have struck an extremely advantageous deal with America-based investment behemoth Blackstone in its $345 million purchase of six retirement villages.The Arena Living portfolio's price was a 12% discount to the June 30 valuation by CBRE of $394m.Arvida's own assessment is that based on potential future cash flows from resale gains and the deferred management fees, is that Arena's embedded value is $385m, taking its total portfolio's embedded value to $867m.The purchase will also immediately add to earnings, lift...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.