Ryman Healthcare Ltd said yesterday it planned to convert a landmark Wellington site into a new retirement village.
Ryman, New Zealand’s largest retirement village operator, has bought Victoria University of Wellington’s former Karori campus, which will be converted into a retirement village with independent & serviced apartments & a care centre.
Group development manager Andrew Mitchell said: “It is an iconic site in the city’s largest suburb, and we’re pleased it will continue to be a significant community asset for the city.”
Victoria’s vice-chancellor, Professor Grant Guilford, was also pleased with the outcome: “We have listened to a wide range of varying views about what should happen to our former campus. The divestment process has provided all parties, whether they are public, community or private, to put forward the most practical, beneficial & realisable options for future use of the campus land & buildings. On balance, we believe Ryman Healthcare has the community focus, professionalism, experience & resources to make the best use of the campus land & buildings.”
The university built the Karori campus to cope with the large numbers of ‘baby boomers’ in tertiary education in the 1960s.
Ryman already owns & operates 5 retirement villages in the Wellington region which are home to over 1750 retirees. It has 31 retirement villages in New Zealand & Australia.
Attribution: Company release.