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

 

Masonic Trust to create Hutt benchmark

MASONIC VILLAGES LIMITED
MEDIA RELEASE
TUESDAY 18 JUNE 2013

Masonic Trust to create Hutt benchmark

The Masonic Villages Trust is embarking on a $35 million development which it says will set the benchmark for quality retirement living in the Hutt Valley.

Contracts for building the first stage of the development were signed at the Lower Hutt City Council chambers this afternoon. The successful tenderers are Armstrong Downes Commercial Ltd, which will handle construction and JB Hughes Ltd, which is responsible for the ground work.

“The Trust has made the city its home for more than 50 years, so it is very satisfying to be able to contract the work to two other established Lower Hutt businesses. It’s the biggest building project the city has seen in several years,” Masonic Villages Limited chief executive Warick Dunn says.

The first stage of what will be known as The Woburn Apartments will be completed by October next year. Site preparation works are well underway. When the 47 apartments in the first stage are built, residents will have access to two conservatories, a small library, a 'men’s shed', and a bar and lounge overlooking the Hutt River.

Mr Dunn says there has been no active marketing of the development as yet, but he has been heartened by the level of interest from prospective residents. Prices for occupation right agreements range from $250,000 to $610,000.

“All one-bedroom apartments in the first stage are spoken for, as are 30 per cent of the two and three bedroom suites. At this stage we are taking registrations of interest, but some potential residents have already formally signed up.”

When the 39 apartments in the second stage are completed in 2015, the full range of village amenities will be available. A spacious entrance lobby will lead to reception, a hairdressing and beauty salon, café and dining area, snooker room and an indoor bowls and games area.

On the first floor, serviced by lift and stairs, there will be a library, an IT and office suite, arts and craft room, theatre for movies and live entertainment, exercise room, gym, spa and sauna, and a large lounge and bar opening out on to a deck.

The Woburn Apartments are being built in the grounds of the Woburn Masonic Village, alongside the existing Masonic rest home and hospital. The main boundaries of the development are the Hutt River, Whites Line West and Wai-iti Terrace.

“The apartments will set the benchmark for quality retirement living in the Hutt Valley and are designed for a new generation of residents who expect to lead comfortable active lifestyles in their retirement,” Mr Dunn says.

They range in size from 53 to 122 square metres, many of them with grandstand views of the Hutt River, north to the Tararuas and south to Wellington. Residents will not only have access to the facilities of the village, they will also be within easy reach of the many recreational and social amenities that Lower Hutt has to offer, Mr Dunn says.

The Woburn Apartments are the most ambitious development yet for The Masonic Villages Trust and its operating companies. In all three villages – in Woburn, Levin and Masterton – it is actively building and upgrading its retirement offerings. Its largest previous development was the Glenwood Masonic Hospital, a state of the art facility built in Masterton in 2010.

The Trust is a charity set up by Freemasons in the southern North Island for the benefit of the wider community.

“Being a charity, any profits we make go back into providing services. While we obviously have to be prudent with our finances, the needs of our residents are our primary motivation, not maximising profits,” Mr Dunn says.

The Trust recently announced it is providing management and accounting services to the Manawatu Masonic Association Trust, owner of Masonic Court in Palmerston North and Te Awahou retirement village in Foxton. The two trusts will be exploring the potential for working closely together in the future.

[ends]

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: