Arvida Group Limited (NZSE:ARV) plans to raise CZD 41.8 million to help fund the acquisition of three new retirement villages in Tauranga and the Waikato. "These acquisitions are on strategy and provide us with a presence in two key New Zealand regions experiencing high growth in aged care and retirement living," Chairman Peter Wilson said. "We continue to actively consider opportunities that meet our strict criteria in terms of location, quality of assets and current management, potential for development earnings accretion."