Warranty saves the day for leaky retirement village
Multi-million dollar recladding bill to be met by seller.
Tim Hunter
Mon, 19 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Leaky building syndrome has struck retirement village operator Arena Living, with recladding costs of $13.8 million forecast for one of its Auckland properties.
Financial statements for Arena, owned by a Cayman Islands fund managed by US firm Blackstone Group, showed a net profit for the year to
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Tim Hunter
Mon, 19 Nov 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
