Ryman buys Melbourne site for $30.8M – its first retirement facility with single storey villas

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Ryman Healthcare has announced it is adding to its 12th retirement village offering in Melbourne, with the purchase of a 4.6ha site in Mulgrave, 21km south-east of Melbourne’s CBD. It is opposite Mirvac’s master-planned Waverley Park.

For the first time, Ryman plans to develop a retirement community in metropolitan Melbourne with single-storey villas at its heart on the site formerly owned by St Mary’s Seminary.

The company’s five operational villages in metropolitan Melbourne offer a range of apartment-living options.

The proposed Mulgrave village will have more than 80 two- and three-bedroom villas as its centrepiece, with more than 110 independent and serviced apartments and a 60-bed aged care centre included in the development.

Ryman Australia CEO Cameron Holland said the new village mix will offer a point of difference in the company’s overall offering in Melbourne.

“If we’ve learned anything in almost 40 years of doing this it’s that you can’t be one-size-fits all,” he said in a statement.

It is two months since Ryman acquired a 1.8ha former Lions Club retirement home, in Essendon, Melbourne, with redevelopment plans. In 2019, the operator snapped up the ex-Highett Bowls Club; on a 1.2ha site that came with approval for a complex containing 90 aged care beds, 15 assisted living units and a 122-bed retirement village.