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 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

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news