Ryman Healthcare Investor News

Investor news

New Ryman village planned for Takapuna

Written by David King
on June 12, 2020

MEDIA RELEASE

Ryman Healthcare is planning to build a new Takapuna retirement village with stunning views of Lake Pupuke and Auckland.

The almost 7,000 sq m site is in the heart of Takapuna, next to Killarney Park, close to shops and local amenities. The purchase is subject to Overseas Investment Office approval.

The former fire service site already has a resource consent for a five-storey aged care village, and Ryman intends to work with the existing plans to build a village with approximately 67 independent apartments, 31 serviced apartments and 45 aged care beds.

The $120 million village will include resthome, hospital and dementia level care and provide sustainable long-term jobs for a team of healthcare workers.

Jeremy Moore, Chief Development Officer, said the site was in one of New Zealand’s premium locations and was perfect for a boutique village.

“Our residents are in for a treat. There are stunning views in all directions and it’s close to everything you could need in Takapuna. We think it is a stunner, and we can’t wait to get going and build.’’

All Ryman villages are named after significant local people. Ryman’s other villages in Auckland include Edmund Hillary in Remuera, Grace Joel in St Heliers, Bert Sutcliffe in Birkenhead, Murray Halberg in Lynfield and William Sanders in Devonport.

“We’d like to hear from anyone with naming suggestions – we’re looking for a name that everyone in Takapuna can be proud of.’’

The village will include a movie theatre, hair and beauty salons, a bar and café. 

Ryman Healthcare is New Zealand’s largest retirement village operator, and its most trusted. Ryman has been named the Most Trusted Brand in the retirement living and aged care sector by Reader’s Digest six times, including 2020.

Founded in 1984, Ryman Healthcare’s 36 villages in New Zealand and Australia are home to more than 11,600 residents.

About Ryman:

Ryman was founded in 1984 and has become one of New Zealand’s largest listed companies. The company owns and operates 45 retirement villages in New Zealand and Australia which are home to more than 13,200 residents and the company employs 6,700 team members.

For investor relations information and enquiries:

Contact David King, Corporate Affairs Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com.

Share registrar:

Our share register is managed by Link Market Services. Please send a change of personal details or any questions about dividends to enquiries@linkmarketservices.co.nz or phone +64 9 375 5998.

For media information or images:

Contact David King, Corporate Affairs Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com

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