Mexicans get to 49.5% of Restaurant Brands – Arvida sales, margins & construction all up
Arvida Group Ltd closed its underwritten rights offer on Monday $10 million short of the $77 million target. A shortfall bookbuild was run last night, expected to close today.
Retirement village owner & operator Arvida Group Ltd has bought 2 villages & 50% of a third from Hurst Lifecare Ltd for $106 million, funded through a combination of new equity & debt.
The Tasman District Council approved 8 special housing areas on Thursday, including a 40ha subdivision in Richmond where Arvida Group Ltd intends to build an 8ha retirement village.
Revaluations lifted retirement village owner & operator Arvida Group Ltd’s net profit after tax for the March year to a record $53.7 million, but the company also raised its underlying profit from operations by 47%.
Retirement village owner & operator Arvida Group Ltd got a 90% takeup of its underwritten 1:7 pro rata renounceable rights offer announced on 20 September, and a bookbuild for the shortfall was completed today.