Ryman Healthcare Investor News

Investor news

New Ryman village planned in Kohimarama

Written by David King
on May 24, 2019

MEDIA RELEASE

Stunning site to provide homes for more than 300 retirees

Ryman Healthcare is planning to build a new $150 million retirement village at Kohimarama in Auckland.

The 3.1-hectare site is next door to Selwyn College and a short distance from the Eastridge Shopping Centre.

Ryman Acting Chief Development Officer Jeremy Moore said the Kohimarama Rd site was in an excellent Auckland suburb with a large retired population and a shortage of living options.

“It’s rare to find a site this large in Auckland which is close to great shops and handy to many other amenities.

“There’s a significant retired population in the wider eastern suburbs area and we plan to build a village with independent living and care on one site.

“We want to build a village that the Kohimarama community regard as a great addition to the area. We’ll be talking to them about our plans.’’

The site is leasehold land. Ryman has bought the lease off a third party. It is a 137 year lease, with perpetual rights of renewal.

The village will provide a significant number of construction jobs during the building phase and more than 120 permanent jobs once it is operating.

Ryman villages provide a full range of independent living options and aged care on one site, so that residents have the reassurance of knowing there is care on hand if they need it.

The village will include a care centre, with resthome, hospital and dementia-level care.

It will include serviced and independent apartments, an indoor swimming pool, movie theatre, café, hair and beauty salons and a bowling green.

Ryman Healthcare names its villages in honour of respected local people.

Other villages include Edmund Hillary, Grace Joel, Evelyn Page, Bruce McLaren and Possum Bourne.

Residents have just moved in at Murray Halberg village in Lynfield, and William Sanders village in Devonport.

Ryman Chief Sales and Marketing Officer Debbie McClure said naming suggestions were welcome.

“There’s nothing like a bit of local knowledge and we’ve found over the years that the best suggestions come from the people who know the place well. We’d love to hear any suggestions and to name it in honour of someone local.’’

Ryman has been in business for 35 years and has been voted the Most Trusted Brand in the aged care and retirement sector in New Zealand five times.

Ryman opened its first village in Auckland in 2003 and now has nine villages in the region.

Contacts:

Investor relations information and enquiries:

Phone: Contact Michelle Perkins, Investor Relations Manager, on 027 222 9684 (+64 27 222 9684)
Email michelle.perkins@rymanhealthcare.com or use the form below.

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.

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