Friday, 29 March 2024

Announcement

GENERAL: RYM: New Ryman Village for Waikanae

17 Mar 2011 08:30NZX
Christchurch based aged care and retirement village operator Ryman Healthcare
today announced that Waikanae will be home to its 25th retirement village.

"We have secured a superb site," said Ryman managing director Simon Challies,
"and we look forward to offering the people of Waikanae, and the wider Kapiti
Coast, a first class choice in their retirement."

The 6.9 hectare site on level ground at the north end of Parata St, enjoys
good aspect and is located close to the Waikanae town centre.

Ryman plans to develop a retirement village offering the full continuum of
care - independent townhouses, serviced apartments, village centre, and a
resthome which also offers hospital and dementia care services.

On completion the village will be home to over 400 residents.

"We are very pleased to be making a $100m investment in the local economy,"
said Mr Challies, "and to be able to assist both the Government and the
District Health Board to cater for the growing need for aged care services in
the region."

Ryman currently owns 22 villages nationwide, which each offer a combination
of retirement living and resthome care.  The villages are all designed, built
and operated by Ryman.

The company is opening a new village in Dunedin this month, and has recently
fast-tracked its plans to build a new village in North East Christchurch to
address the immediate need arising out of the earthquake.

It has a landbank of over 2,000 units and beds in New Zealand and is actively
seeking a site for its first village in Australia.

The company is a six times winner of Best Retirement Village in New Zealand,
serves over 5,000 elderly New Zealanders and employs over 2,500 staff.

Ends

Media advisory: For further information, photos, interviews or comment please
contact Managing Director Simon Challies on 03 366 4069 or 0274 968 762.
End CA:00206911 For:RYM    Type:GENERAL    Time:2011-03-17 08:30:12
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