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

 


Ryman Healthcare to build new villages in Rangiora and Green

Ryman Healthcare to build new villages in Rangiora and Greenlane


AGM told resort-style villages will meet growing demand for retirement living


Ryman Healthcare is planning to build new retirement villages at Rangiora in Canterbury and Greenlane in Auckland.

Ryman Healthcare chairman Dr David Kerr told the company’s annual general meeting in Waikanae today that the expansion was needed to keep pace with growing demand for aged care services and retirement living.

New Zealand’s largest retirement village operator has bought a site on Oxford Rd in Rangiora where it is planning to build a $120 million retirement village on 6.5 hectares of land.

Ryman has also confirmed it has acquired the old Kingsgate Hotel site on Campbell Rd in Greenlane, Auckland. The 1.6 hectare site will be redeveloped into a village with apartments and care services and will cost about $100 million to develop.

“Our Diana Isaac Retirement Village in northern Christchurch was fully occupied in record time and since it opened we’ve been regularly asked whether we’d build a village further north,’’ Dr Kerr told shareholders at Ryman’s AGM at Charles Fleming Retirement Village in Waikanae.

“The 2010 and 2011 earthquakes changed the dynamics of Christchurch and Canterbury, and have turned the Waimakariri into one of the country’s fastest growing regions.’’

In Auckland the Campbell Rd site is near Cornwall Park and is handy to Greenlane, Ellerslie and Mt Eden.

“It’s a great location for a retirement village in a very established part of Auckland. We’ve now got five new villages to develop in greater Auckland which is a mark of the faith we have in the future of the city and the wider region,’’ Dr Kerr said.

The Greenlane village will include two and three-bedroom independent apartments, serviced apartments and a care centre with resthome care as well as specialist dementia and hospital-level care.

The Rangiora village, which will be built just west of The Oaks subdivision, will include two and three-bedroom independent townhouses and apartments. Its care centre will include resthome care as well as specialist dementia and hospital-level care.

Both villages will include the usual Ryman amenities such as gyms, bowling greens, hairdressing salons, chapels, movie theatres, and indoor swimming pools.

Dr Kerr told shareholders at the AGM that trading was in line with expectations in the first quarter.

This week Ryman will welcome its first residents at its new Bruce McLaren Retirement Village in Howick, Auckland.

“The demand for Bruce McLaren has exceeded our expectations and it has opened on schedule. It has all the makings of another terrific Ryman village,’’ Dr Kerr said.

A recorded webcast of the AGM will be available after the event by clicking on http://www.media-server.com/m/p/dfvwfsct

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