Wednesday 7th April 2021 |
Text too small? |
Radius Residential Care Limited is pleased to announce that it has exercised its right to acquire c. 4.3 hectares of development land in Belfast, Christchurch. Resource consent has been issued by Christchurch City Council for a new integrated aged care and retirement village facility totaling 70 care beds, 30 care suites and 94 retirement village units to be constructed on the property. An independent valuation obtained by Radius Care from CBRE has confirmed that the property’s fair value exceeds the purchase price of the property (including the price to Radius Care of its right to acquire the property).
Settlement of the acquisition is expected to take place between December 2021 and March 2022, with the balance of the purchase price for the property (being $5.5 million) payable on settlement. Following exercise of its right to acquire the property, Radius Care is now in a position to progress the final facility design, obtain building consents and commence construction contracting discussions in relation to this development.
Please see the link below for details:
Source: Radius Residential Care Limited
No comments yet
KMD - 1H FY2024 Interim Results
SCT - Resignation of Chief Executive Officer
March 19th Morning Report
SKC - APPOINTMENT OF CHIEF INFORMATION OFFICER
NWF - Chief Executive Officer Warren Koia Resignation
March 18th Morning Report
Pacific Edge Directors Give Notice of Retirement
Meridian Energy monthly operating report for February 2024
Another unworkable farming rule bites the dust
March 14th Morning Report