Topic - Editorial

Arvida (NZ) continues profit climb – 47% jump in half year profit to $45M

Nov 25 2019 Updated May 3, 2023

The Weekly Source

1 min read

The New Zealanders continue to prove that their supported living retirement village model is what the customer wants.

The new retirement village operator came to life in just November 2014 – five years ago this month – when it pulled together 10 independent village operators and their 17 villages, to list on the New Zealand stock exchange.

Since then they have grown from 1,800 residents across 812 units and 952 aged care beds to 32 villages and care facilities with 4,041 units.

Two thirds of their business comes from serviced apartments and aged care.

Arvida CEO Bill McDonald (pictured), will be speaking at our LEADERS SUMMIT 2020 in March, introducing a service model not seen in Australia before.

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