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

 

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Gordon Campbell: On The Australians Scoring Trade Points Against Us With The Chinese

It hasn’t been a great year for Trade Minister Tim Groser... To top it off, Australia has just signed a FTA with China that has far better provisions on dairy exports than what New Zealand currently enjoys in our own FTA with China. More>>

ALSO:

Iwi & Local Consultation: Oil And Gas Block Offer 2015 Begins

Energy and Resources Minister Simon Bridges today announced the start of the Block Offer 2015 process for awarding oil and gas exploration permits. More>>

Industrial Action: Stats NZ Throwing Public Money Away Duplicating Data

The Public Service Association (PSA) says Statistics NZ are throwing money away by collecting the same data twice for official statistics such as the Consumer Price Index... As part of the ongoing industrial action, field interviewers who are PSA members are continuing to collect data, but are not sending it through to Statistics NZ. More>>

ALSO:

Other Stats:

Space: Rosetta's 'Philae' Makes Historic First Landing On A Comet

After more than a decade traveling through space, a robotic lander built by the European Space Agency has made the first-ever soft landing of a spacecraft on a comet. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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