Arvida reports strong growth

Arvida Group, Chief Executive Bill McDonald said that the group produced a robust result in the financial year to 31 March 2020.

2020 financial year milestones are:

  • NZD 180 million for the acquisition of three high-quality villages.
  • Arvida could successfully complete NZD 152 million capital raising.
  • The group delivered 210 new units from development activities.
  • Results were significantly above guidance for the year of 170 units.
  • Added on-the-ground construction teams.
  • Arvida achieved the gold standard four year Ministry of Health certification at 80 per cent of care centres.

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