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Warranty saves the day for leaky retirement village

Multi-million dollar recladding bill to be met by seller.

Tim Hunter
Mon, 19 Nov 2018

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
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Warranty saves the day for leaky retirement village
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