Arvida Group Limited (NZSE:ARV) agreed to acquire Lansdowne Park in Masterton for NZD 20.7 million on May 25, 2016. The transaction was funded by drawing NZD 14.7 million of debt and issuing NZD 6 million of new shares to the vendors. The deal is subject to regulatory approvals and is expected to complete on June 30, 2016. Arvida Group Limited (NZSE:ARV) completed the acquisition of Lansdowne Park in Masterton on June 30, 2016.