Exactly two years after launching on the NZ Stock Exchange retirement village operator Arvida has announced a Half Year profit of $19.4M from 25 villages. Valuations also increased by $3.8 million over the six months.
Bill McDonald, an Australian, led the process of engaging 10 village owners to contribute 17 villages into the new corporate entity, Arvida. This gave the private owners access to the stock exchange which they could never have achieved on their own.
Since the launch in November 2014 they have added another seven villages by acquisition with plans for more.
Arvida should be a case study for private owners in Australia. You can learn how Bill McDonald enticed the 10 individuals to join his dream at our LEADERS SUMMIT 2017, 16 17 March at the Hilton Sydney where he will provide a 20 minute podium presentation.