Ofcourse it's OK to say that.!!!! Thanks for your reply.Trust you are safe and well.
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end of uptrend?
Nice announcement today. A new village to be built!
Quote:
New Ryman Village for Waikanae
Christchurch based aged care and retirement village operator Ryman Healthcare today announced that Waikanae will be home to its 25th retirement village.
“We have secured a superb site,” said Ryman managing director Simon Challies, “and we look forward to offering the people of Waikanae, and the wider Kapiti Coast, a first class choice in their retirement.”
The 6.9 hectare site on level ground at the north end of Parata St, enjoys good aspect and is located close to the Waikanae town centre.
Ryman plans to develop a retirement village offering the full continuum of care - independent townhouses, serviced apartments, village centre, and a resthome which also offers hospital and dementia care services.
On completion the village will be home to over 400 residents.
“We are very pleased to be making a $100m investment in the local economy,” said Mr Challies, “and to be able to assist both the Government and the District Health Board to cater for the growing need for aged care services in the region.”
Ryman currently owns 22 villages nationwide, which each offer a combination of retirement living and resthome care. The villages are all designed, built and operated by Ryman.
The company is opening a new village in Dunedin this month, and has recently fast-tracked its plans to build a new village in North East Christchurch to address the immediate need arising out of the earthquake.
It has a landbank of over 2,000 units and beds in New Zealand and is actively seeking a site for its first village in Australia.
The company is a six times winner of Best Retirement Village in New Zealand, serves over 5,000 elderly New Zealanders and employs over 2,500 staff.
From percy:
From Ryman:Quote:
Sauce,
off the top of my head.There must be a lot of elderly having to move out of damaged homes,who will not want to go back to their old homes,and whose families will be keen for them to move into the safety of a RYM village.?
Looks like your thoughts might have been right on the button Percy.Quote:
The company is opening a new village in Dunedin this month, and has recently fast-tracked its plans to build a new village in North East Christchurch to address the immediate need arising out of the earthquake.
Regards,
Sauce
Deutsche Bank initiated coverage today with a buy. Target price 2.71
Some retirement homes in ChCh [Kate sheppard,not a RYM home] have been destroyed and will not be rebuilt.Owners and occupiers are in limbo as they do not know how much or when they will be paid out.The amounts occupiers will get will not be enough for them to buy a unit in another home.Retirement homes can not let these people occupy a unit until such time they can pay for it.Catch 22.
Result.Homeless oldies. Others will have to live with family,or friends?
Yes,RYM have the reputation for being very fair.It is a dreadful problem for a retiree to find themselves in.Thought they have brought a roof over their heads until they die,only to find themselves in this situation.I cannot see how anyone could have foreseen the problem occurring.Just another urgent problem that will take a long time to sort out, I would think.