Sharechat Logo

Ryman gets go-ahead

Friday 11th April 2003

Text too small?
Retirement village operator Ryman Healthcare has been given the green light to go ahead with a $100 million retirement village in Auckland.

The Environment Court has given the final approval for Ryman to develop a village by the Remuera golf course in Abbotts Way.

The company plans to develop a village consisting of 245 apartments and villas, 60 serviced apartments, 132 hospital or resthome beds and a 31 bed special care unit on the 9.2 hectare site.

The village will include lifestyle options such as a nine-hole golf course, an all weather bowling green, tennis courts, petanque court and an indoor swimming pool.

Managing director Kevin Hickman said Ryman intended to utilise the same construction team presently building the Grace Joel village in St Heliers in Auckland.

"We hope to commence construction toward the end of the year with apartments coming on stream during the 2004 year."

The village will provide homes for 580 elderly people, create over 100 construction jobs and 160 new permanent jobs. It will be the 14th village in the listed company's stable.

Ryman has a philosophy of setting up retirement homes for the elderly within their established neighbourhoods, managing director Kevin Hickman says.

"This is a great site because of its location in a prime part of Auckland. We're pleased we've received the final resource consent. We have begun planning and site work will start later in the year."

Father's Day SOON! Crazy Deals on ALL IRG Yearbooks - More than 50% OFF - $19.99 for 44th IRG Yearbook 2018-2019


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Ryman's dip a buying opportunity as Australian expansion looms, First NZ says
Ryman Healthcare Limited
Ryman says first-quarter trading ahead of year earlier, meets company target
Ryman boosts FY profit 13 percent as fee income jumps, portfolio value climbs
Ryman Healthcare first-half profit rises 15 percent
Ryman's 1st Qtr ahead of last year; 28th village in Petone
Ryman Healthcare
Ryman may seek ASX listing as shares reach record high, profits rise
Ryman shares reach record high as profits rise
Ryman posts record FY profit, beats guidance, on strong demand for units