ARV
18/02/2016 10:12
GENERAL
NOT PRICE SENSITIVE
REL: 1012 HRS Arvida Group Limited (NS)
GENERAL: ARV: Development Update
Arvida Group Limited ("Arvida") wishes to provide an update with the progress
of its development activities across several of its sites. The update
includes:
1. The rebuild of the 20 bed dementia wing at Aria Gardens, Albany is
complete, with residents now occupying all of the rebuilt dementia beds.
Residents for the new 16 bed hospital wing will commence occupation from 25
February 2016. The facility now comprises of 43 rest home, 91 hospital and
20 dementia beds.
2. The construction of the new 11 serviced apartments at the Glenbrae
Village, Rotorua is on track, with completion scheduled for 31 March 2016.
The refurbishment of the care facility was completed in January 2016. Post
completion, the facility will comprise 78 villas, 27 serviced apartments and
41 care beds.
3. The resource consent application to construct a further 73 apartments and
a wellness-centre at the Park Lane Retirement Village has been approved by
the Christchurch City Council. The consent contains no onerous or unexpected
conditions. The development plans for the village include communal
facilities including dining rooms, bowling green, produce gardens and park
like surrounds. The wellness-centre, a first in the New Zealand retirement
sector, is intended to interact directly with the local community. This
innovation will comprise of caf?, cr?che, medical and fitness facilities that
both residents and the public will be able to access. Post completion, the
facility will comprise 8 villas, 73 apartments, 45 serviced apartments and 42
care beds.
4. The resource consent application for the construction of 24 new
apartments at Aria Bay in Browns Bay, remains in progress, with a hearing
date expected in the next month. Enabling earthworks and retaining are
planned to commence on site within the coming weeks. Post completion, the
facility will comprise 33 independent apartments, 24 serviced apartments and
57 rest home beds.
5. The resource consent application for the construction of 31 new
apartments and 40 care beds at Rhodes on Cashmere in Christchurch, remains in
progress, with a hearing date expected in the next month. Post completion,
the facility will comprise 47 apartments and 40 care beds.
6. The earthquake remediation and general refurbishment works at the St
Allisa Rest Home, Christchurch are tracking to plan and should be fully
complete by the end of 2016.
- ENDS -
End CA:00277863 For:ARV Type:GENERAL Time:2016-02-18 10:12:04
