Monday, 19 February 2018

Announcement

TRANSACT: OCA: Oceania Healthcare Purchases Auckland Property

18 Dec 2017 08:30NZX
OCEANIA HEALTHCARE PURCHASES AUCKLAND PROPERTY

Oceania Healthcare announced that it has entered into an unconditional
agreement to acquire 8,945m2 of vacant land located at 14-22, 28 & 30
Waimarie Street, St Heliers, Auckland. It is intended that settlement will
occur on 22 December 2017.

Oceania will develop an integrated Aged Care and Retirement Village facility
on the land which has wide views over Auckland''s harbour.  Work on obtaining
planning approvals will commence immediately.

This is Oceania Healthcare''s first greenfield acquisition and adds to its
substantial brownfield development pipeline, which will maintain development
activity for 7-8 years into the future. Oceania''s CEO, Earl Gasparich, noted
that the property is in an excellent location with strong demand for Aged
Care and Retirement Village living.

ENDS
End CA:00312048 For:OCA    Type:TRANSACT   Time:2017-12-18 08:30:06
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