RYM ryman healthcare limited

Ann: GENERAL: RYM: Media release - May 2 2014

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    					RYM
    02/05/2014 12:23
    GENERAL
    
    REL: 1223 HRS Ryman Healthcare Limited
    
    GENERAL: RYM: Media release - May 2 2014
    
    Ryman plans Devonport retirement village
    
    Ryman Healthcare is planning to build a new retirement village at Devonport
    on Auckland's North Shore.
    
    Ryman has secured a 4.2 hectare site owned by Ng?ti Wh?tua ?r?kei on
    Ngataringa Rd, where it plans to build retirement village which will
    eventually be home for up to 300 residents.
    
    Managing Director Simon Challies said the site had magnificent views of
    Auckland harbour and the city, and the village would be a great asset for
    Devonport's retirement community.
    
    "There's no retirement village in Devonport at the moment and all our
    research shows there is considerable demand or care and retirement living
    amenities in the area. As well as providing homes for independent residents
    the village will also provide resthome, hospital and dementia care.''
    
    "This means that people with care needs currently living in the area can stay
    in the place they love without having to move out of Devonport.''
    
    The village will free up hundreds of homes for resale in the area.
    
    Chief executive of Whai Rawa, Ng?ti Wh?tua ?r?kei commercial arm, Rob
    Hutchison said the iwi is excited by the opportunity.
    
    "We are really pleased to be working with a major player such as Ryman and we
    look forward to seeing what is planned for the site.''
    
    "Ng?ti Wh?tua ?r?kei wanted to ensure there was a long-term development at
    Wakakura, which would provide not only for its people but also create housing
    opportunities for the community and we believe this will achieve that.''
    
    About Ryman Healthcare: Ryman was founded in 1984 and has become one of New
    Zealand's largest listed companies.  The company owns 27 villages and serves
    over 7,500 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 03 366 4069 or 021 499 602.
    End CA:00250051 For:RYM    Type:GENERAL    Time:2014-05-02 12:23:13
    				
 
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