Arvida Group Limited has entered into unconditional agreements to acquire 18-ha of land in Kerikeri to build a new retirement village. Arvida plans to build an integrated aged care and retirement village that will offer a range of retirement living options including independent living villas, a care facility and multiple community facilities. Work on planning approvals will commence immediately. The Kerikeri land is Arvida's second acquisition of a greenfield development site. Development at the 8.5-ha greenfield site in Richmond, Nelson is progressing to plan, with resource consent expected to be received in August for the 267-unit development. Bulk earthworks have already commenced on site.