22 Friendly Villages
Ryman News
Friday, 30 July 2010
Ryman plans first Australian village
Leading aged care and retirement village operator Ryman Healthcare is actively seeking a site for its first village in Australia, the company’s annual meeting of shareholders heard in Orewa today.
“We have been carefully studying the Australian market for several years,” said chairman Dr David Kerr, “and we see it as the next logical step in the growth of the company. The Ryman model will be relatively unique in the Australian market.”
“We are in a strong financial position and the management team is ready to take this next step.”
“Shareholders can be reassured that we will be taking one step at a time, and that we will be very focussed on getting the first village successfully established.”
The company’s growth plans in New Zealand remain intact, with plans to open at least 450 new units/rooms per annum to add to the existing portfolio of 4,400 units/rooms.
“We are currently building on eight sites around New Zealand, and have announced two new site acquisitions this year in Christchurch and Tauranga,” said Dr Kerr. “We have a healthy landbank of over 2,000 units/rooms or over four years stock and remain on the lookout for exceptional sites for villages in New Zealand.”
Ryman recently reported a record realised profit of $61 million, and lifted the annual dividend 16% to 6.1 cents per share.
“We have reviewed the first quarter’s performance and I am pleased to advise that we are trading well,” Dr Kerr told shareholders. “We are ahead of last year and we are on track to achieve our medium term target of 15% growth in realised profits for the full year.”
Statistics NZ estimates the number of New Zealanders aged 75 plus will more than double from 250,000 to 516,000 over the next twenty years. Ryman is well positioned to cater for the accommodation and care needs of this rapidly growing group of people.
Ryman currently operates 21 villages nationwide, offering a combination of retirement living and resthome care. The villages are all designed, built and operated by Ryman.
Ryman recently opened villages in Whangarei and Orewa, and plans to open new villages in Gisborne, Dunedin, Christchurch and Tauranga.
The company is a six times winner of Best Retirement Village in New Zealand, serves over 5,000 elderly New Zealanders and employs over 2,500 staff.
Tuesday, 22 June 2010
Ryman announces its arrival into Tauranga
Listed resthome and retirement village operator Ryman Healthcare today announced that their 24th retirement village will be in Tauranga.
“We are delighted to have secured such a stunning site, and to be able to offer the people of Tauranga a first class choice in their retirement” Ryman managing director Simon Challies said today.
The elevated 7.1 hectare site for the village is on Carmichael Road, close to the Bethlehem Town Centre. The village will feature panoramic views of the Mount, the harbour and across the neighbouring reserves. On completion the village will be home to over 450 residents, and employ more than 150 staff.
“We are very pleased to be making a $100 million plus investment for the older people of Tauranga, and to be able to give a boost to the local economy.”
Ryman plans to develop a retirement village - offering townhouses, apartments, a village centre, as well as a resthome, with hospital and dementia care facilities.
"It’s very reassuring for our residents to know that we can care for them when the need arises.”
The village centre will feature a range of resort style facilities - indoor heated swimming pool and spa, all weather bowling green, movie theatre, hair and beauty salons, library, gym and a grand internal atrium.
“We identified that Tauranga was not only one of NZ’s fastest growing cities, but was also home to one of NZ’s fastest growing elderly populations,” said Mr Challies. “And there is a need for investment in new resthome facilities sooner rather than later. “
The company currently operates 21 villages nationwide, offering a combination of both retirement living and resthome care. The villages are all designed, built and operated by Ryman.
Ryman recently opened villages in Whangarei and Orewa, and plans to open new villages in Gisborne, Dunedin, Christchurch and now Tauranga.
Ryman is a six times winner of Best Retirement Village in New Zealand, serves over 5,000 New Zealanders and employs over 2,500 staff.
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