Promisia buys properties adjoining Aldwins House for $2.1m

Mon, 27 Mar 2023

Promisia Healthcare said it has purchased two properties adjoining its Aldwins House facility in Christchurch for a little more than $2.1 million.The company is buying all the shares in Aldwins Retirement Village (ARVL), which owns the property at 60 Aldwins Road, which adjoins the southern boundary of Aldwins House, for $900,000 less the assumption of a $375,000 first mortgage.ARVL was owned by the Brankin Family Trust, which is associated with Promisia director Tom Brankin.“The purchase price has been set at a level which reflects the c...

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