Retirement village company Ryman Healthcare has announced that it will soon be building a new retirement village in Christchurch to house 450 residents.On an 11ha site, the village will be located at East Ellington Drive.It will have resort style faciliti
Retirement village company Ryman Healthcare has announced that it will soon be building a new retirement village in Christchurch to house 450 residents.
On an 11ha site, the village will be located at East Ellington Drive.
It will have resort style facilities including a movie theatre, gym, hair and beauty salons, a library and bowling green.
The village will consist of a mix of service apartments, independent townhouses, hospital, dementia care and a resthome.
Ryman will have 23 villages throughout the country incluing the Christchurch site. It is currently working on villages at Gisbourne and Dunedin.
This $90 million Christchurch village will employ more than 150 staff.
“We are very pleased to be making another substantial investment in our home town, and to be able to give a much needed boost to the local building industry,” said Ryman chief executive Simon Challies.
Ryman reported a 12% rise in profit for the six months to September.
At press time its share price was trading at $2.04.
