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

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news