Ryman gets green light for Mt Eliza development – with conditions

Ryman gets green light for Mt Eliza development – with conditions
An artist's impression shows what the Moondah mansion will look like after development. (Image: Ryman)
Riley Kennedy
Ryman Healthcare’s plan to build a retirement village and aged-care facility on the waterfront in the Melbourne suburb of Mt Eliza has been approved.The A$317 million (NZ$341m) development on an 8.9-hectare site will see the full restoration of the 42-room heritage-listed Moondah mansion, built in 1888.After a long-running process, the Victorian Civil and Administrative Tribunal (VCAT) gave the plans the green light between Christmas and New Year “with some modifications and subject to permit conditions".The project was opposed...

More Finance

Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Former Grant Thornton partner guilty of misconduct
Finance

Former Grant Thornton partner guilty of misconduct

Tribunal decision shows Peter Sherwin failed to disclose potential conflicts. 

Victoria Young 14 Feb 2025
Contractor accused of evading construction debts
Finance

Contractor accused of evading construction debts

TCL's liquidation hearing will occur Thursday in the High Court at Invercargill.

Gregor Thompson 13 Feb 2025
Vulcan Steel first half profit plunges
Finance

Vulcan Steel first half profit plunges

The company slashed its dividend. 

Staff reporters 11 Feb 2025