Metlifecare buys Botany site for new $140 million village

Thu, 27 Apr 2017

By Paul McBeth April 28 (BusinessDesk) - Metlifecare has bought a 2.4 hectare site in Auckland's Botany suburb which it plans to spend $140 million developing into a 160-unit retirement village. The Auckland-based retirement village operator and developer has signed a conditional agreement to buy the site, which sits next to the Pakuranga Golf Club, and expects to settle the deal by July after certain third-party consents are obtained, Metlifecare said in a statement. The proposed village would take Metlifecare's tally to 27, adding a tw...

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