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

 


Ryman Healthcare buys Tropicana

Ryman Healthcare buys Tropicana


$120 million Auckland project will provide much-needed retirement housing and care

Ryman Healthcare has snapped up one of the Auckland’s largest remaining undeveloped blocks of residential land for a new retirement village.

New Zealand’s largest retirement village operator has bought the Tropicana Estate, an 8.9 ha block of land only 10km from the CBD with fantastic views across the Manukau Harbour.

Ryman Healthcare is planning to turn Tropicana into a resort-style retirement village which will provide much-needed retirement amenities for the nearby suburbs of Hillsborough, Lynfield and Blockhouse Bay.

“The Tropicana Estate is one of Auckland’s gems,’’ Ryman Healthcare managing director Simon Challies said.

“Not only has it got some great sea views and native bush, it’s also close to town and in a great neighbourhood.’’

Mr Challies said the new village would be the first integrated retirement village in the area. As well as independent retirement housing the village would offer a full range of aged care services including serviced apartments, resthome through to hospital and dementia care.

“There’s a real shortage of retirement housing in the local area – and the care options are very limited, for dementia care in particular.’’

“The Tropicana village will mean that people from the area will no longer have to look elsewhere for somewhere to live in their retirement – they can stay in the place they love close to their families and friends,’’ Mr Challies said.

The new development will free up a number of local homes for resale as people move into the village.

The Tropicana village will include independent apartments, serviced apartments and a care centre. The centre will include specialist dementia care as well as hospital-level care.

Other amenities will include a gym, a bowling green, a hairdressing salon, a chapel, a movie theatre, a bar and an indoor swimming pool.

The suburbs in the immediate vicinity are home to over 6,000 retirees.

Ryman Healthcare has just started working through the design and planning process. The company has no firm dates for when the resource consent will be lodged but would hope to have the village opened by mid to late 2016.

Ryman Healthcare builds, owns and operates retirement villages based on an integrated care model for those aged over 70.

As well as providing construction work the village will create long-term jobs for the area. There will be roles for registered nurses, caregivers, housekeepers, activities co-ordinators and gardeners.

Ryman is expanding to keep up with demand as the population ages. Statistics New Zealand estimates the number of New Zealanders aged 75 plus will almost triple to 731,000 over the next 30 years.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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