Metlifecare buys 5ha of Red Beach golfcourse for new retirement village
Metlifecare Ltd has conditionally bought 5ha of the Peninsula golfcourse for its second retirement village at Red Beach. The post Metlifecare buys 5ha of Red Beach golfcourse for new retirement village...
View ArticleJLL paper shows retirement villages’ market penetration rising
Research by JLL shows 12 new retirement villages were built in New Zealand last year, and an average 13.6/year would be needed to meet demand over the next 30 years. The post JLL paper shows retirement...
View ArticleArvida buys Aria Villages
Newly NZX-listed retirement village operator Arvida Group Ltd has conditionally bought the Aria Villages in Auckland for $62 million. The post Arvida buys Aria Villages appeared first on The Bob Dey...
View ArticlePropbd on Q Th25Jun15 – Barfoot auction results, Swney jailed, quake-prone...
Wide array of units sell at Barfoots - Swney jailed for 5 years 7 months The post Propbd on Q Th25Jun15 – Barfoot auction results, Swney jailed, quake-prone buildings law, city rail link start, Arvida...
View ArticleSenior Trust fund approves second retirement village loan
The NZX-listed Senior Trust Retirement Village Listed Fund said yesterday it had committed to making a first mortgage advance for expansion of the Palm Grove retirement village at Orewa. The post...
View ArticleMetlifecare sells Wairarapa Village
Metlifecare Ltd has agreed to sell its Wairarapa Village in Masterton to a group headed by Mark Durling for $6 million cash. The post Metlifecare sells Wairarapa Village appeared first on The Bob Dey...
View ArticleCouncil votes Thursday on Selwyn partnership for old folks’ housing
Auckland Council’s governing body will vote on Thursday to enter a long-term partnership with the Selwyn Foundation for the management & operation of the council’s Housing for Older People (HfOP)...
View ArticleBlackstone’s Arena Living buys Mt Eden Gardens
US asset managing giant Blackstone Group LP’s local retirement village owner & operator, Arena Living NZ Ltd, has added a 6th village to its portfolio, Mt Eden Gardens. The price hasn’t been...
View ArticleSelwyn Oaks opens section offering new participatory style of residential...
The Selwyn Foundation opened a new $14 million development offering residential aged care & retirement village amenities at Selwyn Oaks village in Papakura today. The post Selwyn Oaks opens section...
View ArticleSummerset first-half sales down 7%
Summerset Group Holdings Ltd’s sales of retirement village occupation rights slipped in the second quarter, taking half-year sales 7% below the performance in the first half last year.
View ArticleVillages that aren’t villages, a different way of being old
The Washington Post ran an article last week that began by telling the story of a 78-year-old woman who prefers to remain in the neighbourhood that’s been her home for 50 years, even if it means...
View ArticleMetlifecare starts final stage of Poynton
Metlifecare Ltd has begun construction of the final 58-apartment stage of its $130 million Poynton retirement village in Takapuna.
View ArticleSummerset extends landbank to 7 years’ supply, doubles Karaka village
Summerset Group Holdings Ltd has bought 3.2ha adjoining the retirement village it’s building in Karaka, South Auckland, which will almost double the village’s footprint to 6.8ha.
View ArticleRyman secures site for Devonport retirement village
Ryman has secured a 4.2ha site owned by Ngati Whatua Orakei on Ngataringa Rd, where it plans to build retirement village which will eventually be home for up to 300 residents.
View ArticlePencarrow enters upmarket retirement village development with Rawhiti site
The Rawhiti Bowling Club’s 5954m² in Remuera has been sold for $8.1 million to BeGroup NZ Ltd, a new company fronted by retirement village specialist Guy Eady and 95% owned by the Pencarrow private...
View ArticleInfratil & NZ Super Fund enter new JV to buy RetireAustralia
Infratil Ltd and the NZ Superannuation Fund have entered into another 50:50 joint venture, this one to buy Australia’s largest privately owned retirement village owner & operator, RetireAustralia.
View ArticleSummerset lifts sales by 48% from year ago
Summerset Group Holdings Ltd lifted December-quarter retirement village sales by 48% over a year earlier, achieving 164 sales of occupation rights.
View ArticleOceania gets consent for St Heliers village
Independent Auckland Council commissioners have granted Oceania Healthcare Ltd consent for its retirement village proposed for Waimarie Street in St Heliers after a hearing in July.
View ArticleSummerset sales steady
Summerset Group Holdings Ltd is slightly behind in sales of new retirement village occupancy rights this year and slightly ahead in resales – overall, just 4 sales behind 2018 at the 9-month stage.
View ArticleMetlifecare performance modestly “solid” as it heads towards takeover
Retirement village & aged care operator Metlifecare Ltd said today its operating performance for the December half-year was solid.
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