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

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CVT - Update on banking facilities
April 9th Morning Report
April 8th Morning Report
ATM - In principle agreement to settle shareholder class action
SUM - 1Q26 Metrics - Sales of Occupation Rights
GMT corporatised and stapled structure completed
April 7th Morning Report
KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition