NZ: Ryman co-founder launches new village concept

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Ryman Healthcare co-founder John Ryder is developing a range of new generation villages in Hamilton, Nelson and Christchurch under the name Qestral.

Led by Ryder as executive chairman and Simon O’Dowd, national chairman of the NZ Aged Care Association, as managing director, Qestral is currently selling down its $140 million Burlington Retirement Village in Christchurch scheduled for completion in March 2019.

The development features three hectares of man-made lakes, 200 units, a 60-bed standalone aged care home and hospital centre, 40 serviced apartments and a 20-bedroom dementia care facility similar to the Ryman model.

The units are more spacious than the average however and are being pitched at the higher end of the market.

Qestral will now start construction on a 12-hectare $125 million village in Nelson as it looks for further development properties.