Ryman Healthcare to start on Tauranga village

Ryman Healthcare is about to start work on a 450-resident retirement village in Tauranga, as it increases the rate at which it is expanding.

"Commencing work in Tauranga marks a lift in our build rate from 450 to at least 550 units or beds per annum to meet the strong demand we are experiencing for our services across the country," Ryman managing director Simon Challies said today.

The company recently bought a site in Waikanae and was seeking a site for its first village in Australia.

The Tauranga facility, named the Bob Owens Retirement Village after businessman Sir Robert Owens, is estimated to cost more than $100 million. It will be Ryman's 24th retirement village.

NZPA

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