Ryman buys Nelson land
09 December 2005
Listed retirement village operator Ryman Healthcare said today it has purchased land in Nelson for its 18th village.
"We see Nelson as a very important New Zealand retirement centre and we have been looking for some time for a first class site in the city," development manager Ray Versey said.
The 4.4ha site in Stoke, Nelson, has space for up to 120 independent townhouses , 50 serviced apartments and a resthome.
The company posted a $17.1 million profit in the six months to September 30 – a new record.
Ryman shares last traded steady at $5.10.