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

 

Ryman Healthcare announces new village site

November 24, 2005

Ryman Healthcare announces new village site acquisition in Palmerston North

Listed retirement village operator Ryman Healthcare today announced they had bought land in Palmerston North for their 15th retirement village.

Ryman have bought a 3.2 hectare block of land next to the prestigious Clearview Park subdivision and reserve by the Milson shopping centre on Milson Line.

The site is flat, north facing, with views across to the airport runway. It is close to the central city and public hospital facilities.

Ryman plan to develop a comprehensive retirement village, including 80 independent villas, 50 serviced apartments, with a village centre, indoor swimming pool, all weather outdoor bowling green and numerous other facilities.

Development manager Ray Versey said the site was an ideal location for a village.

``We are thrilled to be able to secure it for the elderly people of Palmerston North,’’ he said today.

``We also plan to build a 40 bed care centre. Ryman will apply to the Palmerston North City Council for resource consent early next year.

Ryman, one of New Zealand’s most experienced retirement village providers, recently reported a half yearly $17.1 million net surplus, up 54 percent on the same period last year.

Ryman is currently building in Auckland, Hamilton, Napier, Wanganui, Lower Hutt and Invercargill. Resource consent applications are being processed for the new Halswell retirement village in Christchurch and for a new apartment block at the Malvina Major retirement village in Wellington.

The company provides homes and care services to more than 2600 New Zealanders, employing more than 1400 staff.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>

ALSO:


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>