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MEDIA RELEASE: June 16, 2017

New retirement village planned in West Auckland

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Ryman Healthcare Group Development Manager Andrew Mitchell and Laidlaw College Foundation Chairman Graham Burt at the Laidlaw College site.

Ryman Healthcare is planning to build a new retirement village in fast-growing West Auckland.

New Zealand’s largest retirement village operator has secured a 4.5-hectare site on Lincoln Rd, close to the Lincoln Rd shopping precinct.

The land is currently part of Laidlaw College’s campus, but is surplus to the college’s needs.

“Ryman is an ideal organisation to become our new neighbour,’’ Graham Burt, chairman of The Laidlaw College Foundation said.

“We feel very much part of the Henderson area having been here for over 50 years and we’re keen to ensure a good fit for both ourselves and the community as a whole.’’

Ryman Healthcare Group Development Manager Andrew Mitchell said the company intended to redevelop the site as a resort-style retirement village which will be home to more than 400 residents.

As well as independent retirement housing, the new village would offer a full range of aged care services including serviced apartments, and resthome, hospital and dementia care. Ryman will be consulting closely with the local community as it developed its plans.

“We think there’s a real shortage of retirement living options housing in the area – and demand will only increase as the retired population grows,’’ Andrew Mitchell said.

There are more than 107,000 people in the immediate area, including more than 10,000 retirees.

“The village will mean that West Auckland people will no longer have to look elsewhere for somewhere to live in their retirement – they can stay in the place they love close to their families and friends,’’ he said.

The new development will free up a number of local homes for resale as people move into the village.

Amenities will include a café, gym, bowling green, hairdressing salon, reflection room, movie theatre, bar and an indoor swimming pool.

As well as providing construction work the village will create long-term jobs for the area. There will be roles for registered nurses, caregivers, housekeepers, activities co-ordinators and gardeners.

Ryman Group Sales and Community Relations Manager Debbie McClure said the village would be named in honour of a West Auckland local and suggestions were welcome.
“The best suggestions come from the people who know the area and its history well. We’d love to hear any suggestions.’’

Ryman is expanding to keep up with demand as the population ages. Statistics New Zealand estimates the number of New Zealanders aged 75 plus will almost triple to almost 700,000 over the next 30 years.

Once complete, the village will be Ryman’s 11th in greater Auckland. Ryman is developing other villages at Hobsonville, Greenlane, Lynfield and Devonport and has existing villages in St Heliers, Remuera, Howick, Pukekohe, Birkenhead and Orewa.

Note for investors/analysts: The site was listed in Ryman Healthcare’s annual results presentation land bank section as ‘Site B’.

About Ryman Healthcare: Ryman was founded in 1984 and has become one of New Zealand’s largest listed companies. The company owns 31 villages and serves over 10,000 residents in New Zealand and Australia. Each village offers a combination of retirement living and aged care.

Media advisory: For further information, photos, interviews or comment please contact Corporate Affairs Manager David King on 021 499 602.

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