Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Ryman to set up retirement village in Napier city

Ryman to set up retirement village in Napier city

A leading New Zealand retirement village operator Ryman Healthcare today announced it had bought the Princess Alexandra Hospital site in Napier to turn into a retirement village.

Ryman said elderly people in Napier did not have a choice of a retirement village within the central city and had to move to Taradale, Havelock North or Hastings.

The $20 million Princess Alexandra village, including 24-hour nursing facilities, will be open next year.

It will provide homes for 150 elderly people, create 50 new jobs and will be the 14th village in the listed company’s stable of retirement villages.

Ryman had a philosophy of setting up retirement homes for the elderly within their established neighbourhoods, managing director Kevin Hickman said today.

``This site is great because of its location close to the centre of the city, its own little microclimate and the ongoing lifestyle development in the marina area.

``Planning has already begun for development of the site and units will be available for sale within the next twelve months,’’ Mr Hickman said.

Ryman had been looking for further development sites in the North Island and had been attempting to obtain a suitable site in Napier for some considerable time.

Since floating on the New Zealand Stock Exchange in 1999, Ryman has developed six retirement villages. They plan to double the size of the company every five years.

The company employs over 1000 people and has won the Best Retirement Village in New Zealand Award for the last three years.


Their 13 villages and five hospitals are in Invercargill, Dunedin, Christchurch, Wellington, Lower Hutt, Hamilton and Auckland.

They opened the Grace Joel retirement village in St Heliers last year and will later this year begin developing a second Auckland site by a golf course in Abbotts Way, Remuera.

Ryman posted a record half yearly net profit figure of $7.6m (up 68 percent on the same period the previous year) for the six months to September 30 2002.

The result was driven by new sales of 109 units and a lift in earnings from operations.

The Christchurch-based company has consistently outperformed the NZSE40 since listing four years ago.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news