NZ: Ryman unveils plans for its 24th retirement village

Jun 21 2010 Updated July 4, 2023

The Weekly Source

1 min read

Ryman Healthcare will build its 24th retirement village in Tauranga representing a $100 million plus investment, the company announced today. Ryman plans to develop their village to offer residential housing, a village centre and rest home with hospital and dementia care facilities on a 7.1 hectare site at the city limits.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

Click here

Ian Horswill

07 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

Click here

Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

Click here

Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham

03 Jul 2025

Summerset’s second Melbourne retirement village to open early 2026 as new sales record set

Summerset has posted its strongest quarterly sales on record, with 402 sales for the quarter ending 30 June 2025 – comprising 222 new sales and 180 resales – according to a market update released to the NZX and ASX. It marks the New...

Click here

Ian Horswill

1 hour ago

Development

St Bart’s proposed 80-bed Perth aged care home for the homeless one step closer

Western Australia’s Metro Inner Development Assessment Panel has recommended approval of St Bart’s aged care facility on Brown Street, East Perth, which will provide 80 aged care beds for people over 50 who have a history of homelessness.

Click here

Caroline Egan

09 Jul 2025

Development

Mercy Community opens $41M aged care home in Rockhampton, QLD

Queensland faith-based operator Mercy Community has held an official opening of its three-storey, 90-bed Mercy Haven aged care facility in Rockhampton, QLD, with CEO Justin Lorenz leading guests on a guided tour.

Click here

Caroline Egan

09 Jul 2025