Arvida Divests Village

Arvida Group Limited (NZX: ARV) has entered into a conditional agreement to sell its Strathallan village located in Timaru for a sale price of $30.0m. The transaction is subject to customary approvals being obtained. Arvida anticipates completion of the transaction to occur at the end of April 2024 or shortly thereafter. The sale price represents a 3% discount to valuation. - ENDS - For more information, please contact: Briar Malpas, General Counsel and Company Secretary, Arvida Group Limited Email: briar.malpas@arvida.co.nz End CA:00428152 For:ARV Type:GENERAL Time:2024-03-18 16:01:25