November 30, 2006
Ryman Healthcare acquires blue-chip Orewa site
Listed retirement village operator Ryman Healthcare today announced that Orewa will be home to their 20th retirement
village.
Ryman has acquired St Emilion Ltd - the owner of a 4.8 hectare site on Ambassador Glade, in a blue-chip location within
the Orewa township.
"The site will feature panoramic views over the township and Whangaparoa Bay, and is within easy walking distance of
the main shopping centre," Ryman development manager Ray Versey said today.
"We are delighted to be able to secure such an outstanding site, in what is one of NZ's fastest growing regions."
Ryman plan to develop a fully integrated retirement village, comprising independent and serviced apartments, a village
centre and care facilities. On completion, the village will provide quality retirement living for up to 300 residents.
Ryman is preparing to open three new villages in the next year, in Christchurch, Palmerston North and Remuera, to add
to its existing portfolio of fourteen villages.
The company recently announced that its landmark Remuera village in Abbotts Way is to be named after Sir Edmund
Hillary.
Ryman is a six times winner of the Australasian Aged Care Housing Award for Best Retirement Village in New Zealand.
The company provides homes and care services to more than 2800 New Zealanders, employing more than 1400 staff.
ENDS