Arvida Group Limited (NZX: ARV) (Arvida) has today confirmed the sale of its three Rangiora located retirement villages has settled.
The sale of Bainlea House, Bainswood House and Bainswood on Victoria reduces Arvida’s portfolio by 4 villas, 14 serviced apartments and 109 care beds.
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Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.
The insurer's shares have gained 36% so far this year.
The S&P/NZX 50 Index closed at 11,836.04, down 39.31 points or 0.33%.
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