Wednesday 18th July 2007
|Text too small?|
The Merivale Retirement Village has 61 villas and apartments, plus a further 80 rest home and hospital beds. Set in award-winning gardens, it offers extensive resident amenities and facilities, as well as potential for future development.
"The purchase of Merivale Retirement Village will build Metlifecare's presence in the South Island, complementing our existing village, Metlifecare Oakwoods in Nelson,"
Metlifecare chief executive Richard de Haast said. "We are delighted to now have a premium, boutique village in New Zealand's second largest city."
Settlement date is September 3 and Metlifecare will work closely with the owner to ensure the transition for residents and their families, staff and suppliers is seamless, he says.
Metlifecare's portfolio has increased from 15 to 16 villages with the number of villas and apartments growing from 2,278 to 2,339.
No comments yet
UPDATE: Metlifecare shares fall 4.8% as posts drop as first-half profit falls 66%
Transpower seeks up to $125 mln in new bond ahead of November maturity
Metlifecare investigates building problems with Auckland Links Apartment complex
Resource Consent for new Glenfield Village for Metlifecare
Metlifecare undervalued compared with peers, Devon's Glass says
Metlifecare turned to a profit in 2013 after merger boosted property portfolio
Metlifecare raises $70 mln at 8.3 % discount in institutional placement
Metlifecare to raise $80M via placement, share purchase plan to repay debt
Metlifecare on track for $60M full-year post-merger cashflows
Metlifecare sells Nelson village for $29 million