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: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news