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Ryman Healthcare buys Ringwood East site

Written by Ryman Healthcare
on May 24, 2019

MEDIA RELEASE

Tenth Ryman village in Victoria planned for green belt suburb

Ryman Healthcare is planning to build a new retirement village at Ringwood East in Melbourne.

Ryman is a fast-growing new entrant into the aged care sector in Australia, building integrated villages that combine beautiful apartments and full-service care centres, including dementia care.

The land on Mt Dandenong Rd is currently home to a tavern and a garden centre, and Ryman will combine both into a 2.2-hectare site.

It is a short distance from the Eastland Shopping Centre and other local amenities and is bordered by Ringwood Lake Park.

Ryman Senior Development Manager James Weight said the site was in an excellent suburb with a large retired population and a shortage of living options.

“It’s a beautiful site in Melbourne’s green belt and we think it is a perfect place to build a Ryman village. There’s a significant retired population in the wider area and we plan to build a village with independent living and care on one site, so that people who love the area can stay, no matter how their health needs change over time.

“We’ll be talking to the local community about our plans. 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 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 at Wheelers Hill in Melbourne in 2014 and now has more than 600 residents in Melbourne.

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 Ringwood East village is likely to include a 120-bed care centre, with low, high 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 significant local people.

Other villages in Victoria include Weary Dunlop at Wheelers Hill and Nellie Melba at Brandon Park.

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 a Melbourne local.’’

Ryman Healthcare has sites for new villages at Coburg, Burwood East and Aberfeldie in Melbourne. In addition, it has sites at Mt Eliza and Mt Martha on the Mornington Peninsula, and at Geelong and Ocean Grove on the Bellarine Peninsula.

About Ryman:

Ryman Healthcare was founded in Christchurch in 1984 and owns and operates 48 retirement villages in New Zealand and Australia. Ryman villages are home to 14,200 residents, and the company employs 7,600 staff. 

For investor relations information and enquiries:

Contact Hayden Strickett, Head of Investor Relations - email: hayden.strickett@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 Silke Marsh, Corporate Affairs Manager, on 027 294 3609 (+64 27 294 3609) or email Silke.Marsh@rymanhealthcare.com

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