MET
23/10/2013 14:53
GENERAL
REL: 1453 HRS Metlifecare Limited
GENERAL: MET: Resource Consent for New Village
Date: 23 October 2013
Media Release
METLIFECARE - RESOURCE CONSENT FOR NEW VILLAGE
Metlifecare's (NZX: MET) (ASX: MEQ) development programme has strengthened
with another village now consented. The new retirement village, named
Greenwich Gardens, is one step closer, with resource consent being granted
for the high-quality lifestyle development on Auckland's North Shore. With
this additional consent, Metlifecare now has more than 85% of its 1000 unit
and bed development pipeline resource-consented.
It will be Metlifecare's 14th retirement village in Auckland and the fourth
on the North Shore. The others are The Poynton in Takapuna, Hibiscus Coast
Village in Red Beach and The Orchards in Glenfield which has also recently
received resource consent.
When completed, Greenwich Gardens will consist of 75 villas, 207 apartments,
28 serviced apartments for those with higher care needs, and a 61-bed care
facility.
Construction of the $140 million village is expected to commence in mid-2014
following the issuance of building consents. Plans include a bowling green,
swimming pool, spa pool, gym, village cafe and more.
"This is going to be a stand-out village in Unsworth Heights," said
Metlifecare's Managing Director, Alan Edwards. "We are excited about getting
the development process underway, now that we have resource consent."
"The North Shore has a significant number of people aged over 65 years and
Metlifecare is providing a number of different retirement lifestyle options
for these people across the North Shore. This new village will provide the
Unsworth Heights and surrounding communities with a desirable and
high-quality retirement living option in their area".
The new village, at 5 Greenwich Way, is likely to provide jobs for 60 people
following completion.
Metlifecare is one of New Zealand's leading retirement village and aged care
providers and currently owns and operates 23 retirement villages in prime
locations throughout the North Island of New Zealand.
ENDS
Released on behalf of Metlifecare by Jackie Ellis, spice communications group
tel +64 9 360 8500 or email [email protected]
For more information, please contact:
Alan Edwards
CEO and Managing Director
Tel: +64 9 539 8000
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
Established in 1984, 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 of New Zealand,
with most providing a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
www.metlifecare.co.nz
End CA:00242769 For:MET Type:GENERAL Time:2013-10-23 14:53:51
