Love Ageing

Ryman’s Australian pipeline now over $1.5B – sets goal of two new villages a year

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The NZ operator has received approval for its third $200 million co-located village and aged care development on 2.5 hectares at Burwood East, 16km east of the Melbourne CBD, which is part of a larger $$500 million master-planned estate planned by Frasers.

As we covered here, Ryman now has eight sites in Victoria and chief executive Gordon MacLeod has told the Australian Financial Review that their goal is to be building in Victoria at the same rate as their roll-out in New Zealand which means roughly two new villages a year.

“We’re really building momentum now,” he said. Their target is five villages up-and-running by 2020.

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