Arvida's incoming chair Anthony Beverley has had a career in managing property.
Europe’s biggest countries have halted their rollout of the Oxford-AstraZeneca covid-19 vaccine due to safety fears.
It was one-way traffic in real estate last quarter, with sellers making $6.7 billion in capital gains, at a median profit of $276,000, an all-time record per deal.
The deal fulfils a promise Infratil made to its investors earlier this year when it said it would demonstrate hidden value in the portfolio.