Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Ryman Healthcare to build boutique village in Wellington

Ryman Healthcare to build boutique village in Wellington


Ryman Healthcare has bought a significant site in Newtown which will be developed into a boutique retirement village for the wider South Wellington community.

The 6000m sq site has been bought from supermarket giant Foodstuffs for an undisclosed sum and has frontages on Adelaide Rd and Hanson St.

Ryman Healthcare managing director Simon Challies said the new village would include independent and serviced apartments, as well as resthome, hospital and dementia care.

“It’s a great site with terrific views across the city and it is close to public transport, shops and the hospital.’’

“Newtown is a vibrant part of Wellington with a strong sense of community and we’re delighted to be building there.’’

Mr Challies said the southern suburbs were under-serviced for retirement village options and the boutique village would fill a gap in the market.

“Wellington has a rapidly growing ageing population in line with the rest of the country. It’s our sixth village in the greater Wellington area which is a sign of our commitment to the region.’’

Design concepts are being worked on but it is too early to say what the final scheme will look like or when a construction start date is likely.

Angela Bull, general manager of Property Development at Foodstuffs North Island, said the site was sold after a re-evaluation of the co-operative’s portfolio.

“After investigating a range of options for the site, we are pleased to have been able to work with Ryman Healthcare to achieve a great result for both the property and the Wellington community,” Angela Bull said.

Ryman opened its first Wellington village in 1998 and its villages include Malvina Major in Khandallah, Rita Angus in Kilbirnie, Shona McFarlane in Lower Hutt and Charles Fleming in Waikanae. In addition, construction is under way on a new village in Petone.

Statistics NZ estimates the number of New Zealanders aged 75 plus will almost triple to 731,000 over the next thirty years. Ryman opened a new village in Melbourne earlier this year. In Victoria the outlook is similar, with the number set to triple to 1.1 million.

Earlier this year Ryman announced it had eight new sites in its landbank. Other
villages are being developed in Birkenhead, Devonport, Pukekohe and a new village will open later this year in Howick. Four sites are still covered by confidentiality agreements.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news