
Arvida raises $75m in IPO
Retirement village roll-up Arvida Group has raised the full $75 million sought through an initial public offering following strong demand for shares.
Retirement village roll-up Arvida Group has raised the full $75 million sought through an initial public offering following strong demand for shares.
Arvida Group could soon begin acquiring additional retirement villages following it listing on the NZX next month, its chairman says.
It's good news if you're in your 30s but not so good if you're over 50 according to earnings data from Statistics New Zealand.
It's amazing to think that after all the years of talking, reporting and issuing of statements, New Zealand stands completely unprepared for its own 'retirement'.
A woman believed to be New Zealand's oldest resident has died at the age of 110 at a rest home north of Wellington.
Listed retirement giant Metlifecare is tipped to be trading cheaply, well below its peers even after a good financial result out yesterday.
Listed retirement giant Metlifecare pushed up annual net profit after tax 18 per cent to $68.8 million after removing non-recurring items.
New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.
Ryman Healthcare, the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village.
As caring for a rising population of elderly people — some with dementia — becomes an increasing problem, novel options are being tested
The Government's Housing Accord with Auckland Council will hopefully go some way to boosting the delivery of much-needed housing.
The executor of an estate has criticised retirement village owner/operator Metlifecare, saying more than $200,000 was lost from her late mother's Remuera village apartment.
Ryman Healthcare has secured a site for its second retirement village in Melbourne, which it expects to spend more than $100 million to build.
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.
New Zealand's male-dominated business culture with its old-boy sports and education network is sabotaging the promotion of women, says exiting Summerset Group boss Norah Barlow.
Ryman Healthcare will invest $690 million in Auckland, building five of eight new villages in the city including one $210 million project.
Adjusting people's retirement savings for inflation has dented the confidence of those putting a nest egg aside, an ANZ survey has found.
It's a sunny weekday morning and the lounge of Maygrove Village in Orewa is sparsely populated.
All Black captain Richie McCaw has been planning for retirement by investing in the aged-care industry.
A retirement village developer spending $500 million in Auckland says building in the city is hard because Auckland Council is extremely slow to process consent applications.
The chief executive of the Aged Care Associations Martin Taylor joins us at midday today to answer your questions about the aged care industry.