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- Release Date: 19/10/12 17:36
- Summary: ASSET: MET: Metlifecare Adds to its Development Portfolio
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MET
19/10/2012 15:36
ASSET
REL: 1536 HRS Metlifecare Limited
ASSET: MET: Metlifecare Adds to its Development Portfolio
Company Announcement
19 October 2012
METLIFECARE ADDS TO ITS DEVELOPMENT PORTFOLIO
Metlifecare has completed the acquisition of two adjoining plots of land in
Unsworth Heights, Albany, on Auckland's North Shore.
The company is planning to develop a 250 unit retirement village on the 4.4
hectare site on Unsworth Drive, offering a high-quality retirement lifestyle
option.
Construction of the new village is expected to start in 2013. The village
will include the usual modern retirement village facilities including a
community centre, library and swimming/spa pools. In keeping with the
company's philosophy around providing a continuum of care, a 40-bed Care
Facility is planned as part of the village.
Managing Director of Metlifecare, Mr Alan Edwards, commented: "We are
delighted to have completed this acquisition, which we have been planning for
some time. Auckland, with its large and increasing older population, is a
key market for Metlifecare and Unsworth Heights will complement the
development site at Glenfield acquired in April this year. These two sites
will add to our portfolio of 12 operating villages in the region".
ENDS
For more information, please contact:
Alan Edwards
Managing Director & CEO
Tel: 09-539-8000
About Metlifecare:
Metlifecare is a publicly listed aged care and retirement lifestyle company.
Established in 1986, the company has a proven track record of successfully
owning and managing retirement villages in New Zealand. Metlifecare currently
owns villages in prime locations throughout the North Island, with most
providing provide a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
www.metlifecare.co.nz
Released on behalf of Metlifecare by Jackie Ellis, spice communications group
tel 09 360 8500 or email [email protected]
End CA:00228680 For:MET Type:ASSET Time:2012-10-19 15:36:16
