Ryman’s results this week further demonstrated how the NZ retirement village sector is faster, smarter and more profitable than Australia.
However the shining example of the last 36 months in NZ has been the emergence of Arvida, created by Australian expat Bill McDonald. He brought together 10 village owners with 17 villages with the intention of floating – which they did successfully in November 2014, raising $80M for 40% of the stock.
The shares listed at 85 cents. The village owners could sell the remaining 60% from May 2016. Today the shares are worth $1.31. In three years the price has risen 57%.
Want to know more on how it was done – watch Bill McDonald’s explanation with his LEADERS SUMMIT presentation with us in March below.