March 27, 2020 / 6:17 AM / 4 days ago

BRIEF-Arvida Group Says Development Guidance For Fy21 Onwards Withdrawn

March 27 (Reuters) - Arvida Group Ltd:

* DEVELOPMENT GUIDANCE FOR FY21 ONWARDS IS WITHDRAWN

* ALL VILLAGES AND AGED CARE CENTRES ARE CLASSIFIED AS AN ESSENTIAL SERVICE

* CLOSURE OF CONSTRUCTION SITES WILL IMPACT DELIVERY TIMEFRAMES OF FUTURE DEVELOPMENT ACTIVITIES

* EXPECT JUST UNDER 400 SETTLEMENTS TO BE COMPLETED IN FY20

* GOVERNMENT’S EMERGENCY MEASURES WILL SIGNIFICANTLY RESTRICT SALES ACTIVITY OVER COMING WEEKS

* SALE OF OCCUPATION RIGHTS IN SECOND HALF OF MARCH HAVE BEEN IMPACTED

* NOW SUBSTANTIVELY AGREED TERMS & PRICING FOR REFINANCE OF EXISTING BANK DEBT FACILITIES WITH ANZ BANK NEW ZEALAND, BANK OF NEW ZEALAND

* TOTAL OF 209 NEW UNITS HAVE BEEN DELIVERED IN FY20 FINANCIAL YEAR Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below