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GENERAL: RYM: Ryman Healthcare goes west

16 Jun 2017 08:30NZX
Ryman Healthcare goes west

New retirement village planned in Henderson, West Auckland

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 shops in the heart of Henderson.

The land is currently part of Laidlaw College''s Henderson 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 Henderson-Massey area, including
more than 10,000 retirees.

"The village will mean that Henderson 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 cafe, 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.
End CA:00302635 For:RYM    Type:GENERAL    Time:2017-06-16 08:30:09
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